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

Gladstone Commercial Co. (NASDAQ:GOODO) declared a monthly dividend on Tuesday, April 14th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.125 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Wednesday, May 20th.

Gladstone Commercial Stock Up 0.1%

NASDAQ:GOODO opened at $19.80 on Wednesday. Gladstone Commercial has a twelve month low of $19.10 and a twelve month high of $22.20. The stock’s 50 day moving average price is $20.01 and its two-hundred day moving average price is $20.19.

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.