Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) was down 1.4% during trading on Monday . The stock traded as low as $20.29 and last traded at $20.17. Approximately 3,047 shares changed hands during trading, a decline of 55% from the average daily volume of 6,747 shares. The stock had previously closed at $20.46.
Gladstone Commercial Stock Down 0.2%
The firm’s 50 day moving average price is $20.59 and its two-hundred day moving average price is $20.21.
Gladstone Commercial Dividend Announcement
The business 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 $0.125 per share. The ex-dividend date is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.
About Gladstone Commercial
Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.
Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.
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