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

Gladstone Commercial (NASDAQ:GOODN) is expected to issue its resultson Wednesday, August 5th. Analysts expect Gladstone Commercial to announce earnings of $0.0450 per share and revenue of $42.1810 million for the quarter.

Gladstone Commercial Stock Up 0.4%

Shares of Gladstone Commercial stock traded up $0.10 during trading on Wednesday, hitting $23.04. 745 shares of the stock were exchanged, compared to its average volume of 3,216. The company has a fifty day moving average price of $22.62 and a 200-day moving average price of $22.60. Gladstone Commercial has a 1-year low of $20.91 and a 1-year high of $23.83.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.138 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Monday, September 21st.

Gladstone Commercial Company Profile

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.