Gladstone Commercial (GOODN) Expected to Announce Quarterly Earnings on Wednesday

Gladstone Commercial (NASDAQ:GOODN) is expected to post its results after the market closes on Wednesday, August 5th. Analysts expect the company to announce earnings of $0.0450 per share and revenue of $42.1810 million for the quarter.

Gladstone Commercial Stock Performance

GOODN traded up $0.39 during trading on Tuesday, hitting $23.43. The stock had a trading volume of 705 shares, compared to its average volume of 3,174. The company has a 50 day moving average price of $22.67 and a 200-day moving average price of $22.61. Gladstone Commercial has a one year low of $20.91 and a one year high of $23.83.

Gladstone Commercial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.138 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

About Gladstone Commercial

Gladstone Commercial Corporation (NASDAQ: GOODN) is a real estate investment trust (REIT) that specializes in acquiring, owning and operating single-tenant industrial and office properties throughout the United States. The company focuses on net?leased assets, where tenants assume responsibility for property taxes, insurance and maintenance, providing Gladstone Commercial with predictable, long?term income streams. Its investment strategy targets properties occupied by creditworthy lessees under leases that typically range from five to twenty years in term.

Founded in 2003 and publicly listed in 2005, Gladstone Commercial is externally managed by Gladstone Management Corporation, an affiliate led by industry veteran David Gladstone.