Gladstone Commercial Corporation (NASDAQ:GOOD) Announces $0.10 Monthly Dividend

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, January 13th. Investors of record on Friday, January 23rd will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Friday, January 23rd.

Gladstone Commercial has decreased its dividend by an average of 0.0%annually over the last three years. Gladstone Commercial has a 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 analysts expect Gladstone Commercial to earn $1.50 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 80.0%.

Gladstone Commercial Trading Up 0.8%

Shares of Gladstone Commercial stock traded up $0.10 during mid-day trading on Wednesday, hitting $11.36. The stock had a trading volume of 24,152 shares, compared to its average volume of 381,481. Gladstone Commercial has a 12-month low of $10.33 and a 12-month high of $16.63. The firm has a 50-day moving average of $10.88 and a two-hundred day moving average of $12.16. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 4.58. The firm has a market cap of $549.59 million, a P/E ratio of 63.06 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOOD) last released its earnings results on Monday, November 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.04). The company had revenue of $40.84 million for the quarter, compared to analyst estimates of $40.10 million. Gladstone Commercial had a return on equity of 11.77% and a net margin of 13.59%. Sell-side analysts forecast that Gladstone Commercial will post 1.45 earnings per share for the current year.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.