Gladstone Commercial Co. (NASDAQ:GOODO) Announces Monthly Dividend of $0.13

Gladstone Commercial Co. (NASDAQ:GOODO) announced a monthly dividend on Tuesday, April 14th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.125 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Tuesday, June 23rd.

Gladstone Commercial Price Performance

Shares of NASDAQ GOODO opened at $19.80 on Wednesday. The firm has a fifty day moving average of $20.01 and a 200 day moving average of $20.19. Gladstone Commercial has a one year low of $19.10 and a one year high of $22.20.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.