Gladstone Commercial Corporation (GOOD) to Issue Monthly Dividend of $0.10 on December 31st

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, October 13th. Shareholders of record on Monday, December 21st will be given a dividend of $0.10 per share by the real estate investment trust on Thursday, December 31st. This represents a $1.20 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Monday, December 21st.

Gladstone Commercial has a dividend payout ratio of 413.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Gladstone Commercial to earn $1.41 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 85.1%.

Gladstone Commercial Stock Down 1.5%

GOOD stock opened at $12.65 on Thursday. The company has a fifty day moving average price of $12.84 and a 200 day moving average price of $12.60. Gladstone Commercial has a 12 month low of $10.33 and a 12 month high of $13.28. The company has a debt-to-equity ratio of 5.43, a current ratio of 3.72 and a quick ratio of 3.72. The company has a market cap of $612.39 million, a price-to-earnings ratio of 48.66 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOOD) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.07. The business had revenue of $43.99 million during the quarter, compared to the consensus estimate of $42.18 million. Gladstone Commercial had a net margin of 14.55% and a return on equity of 14.61%. Sell-side analysts expect that Gladstone Commercial will post 1.39 earnings per share for the current year.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial real estate in the United States. The company primarily invests in office and industrial properties, including single-tenant and select multi-tenant facilities leased to business and government tenants.

Gladstone Commercial generally leases its properties under long-term arrangements and seeks to generate rental income through a diversified portfolio of commercial real estate.