Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) announced a monthly dividend on Tuesday, July 14th. Shareholders of record on Monday, September 21st will be paid a dividend of 0.125 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Monday, September 21st.
Gladstone Commercial Stock Performance
Gladstone Commercial stock opened at $20.20 on Thursday. The company’s fifty day simple moving average is $20.13 and its 200-day simple moving average is $20.19. Gladstone Commercial has a 12 month low of $19.42 and a 12 month 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.
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