Gladstone Commercial Co. (NASDAQ:GOOD) Declares $0.10 Dividend

Gladstone Commercial Co. (NASDAQ:GOOD) declared a dividend on Tuesday, January 14th,investing.com reports. Stockholders of record on Wednesday, February 19th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, February 28th. This represents a dividend yield of 7.36%. The ex-dividend date of this dividend is Wednesday, February 19th.

Gladstone Commercial has raised its dividend payment by an average of 41.4% per year over the last three years. Gladstone Commercial has a payout ratio of 413.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Gladstone Commercial to earn $1.45 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 82.8%.

Gladstone Commercial Stock Performance

NASDAQ GOOD opened at $16.21 on Monday. The company has a market capitalization of $711.94 million, a price-to-earnings ratio of 81.05, a PEG ratio of 1.88 and a beta of 1.25. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.88. The stock has a fifty day simple moving average of $16.23 and a 200 day simple moving average of $16.06. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 4.10.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.