Gladstone Commercial Corporation (GOOD) to Distribute Monthly Dividend of $0.10 on October 30th

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, October 13th. Shareholders of record on Friday, October 23rd will be paid a dividend of $0.10 per share by the real estate investment trust on Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 10.0%. The ex-dividend date is Friday, October 23rd.

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 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 0.3%

Shares of NASDAQ GOOD opened at $11.95 on Wednesday. The firm has a fifty day simple moving average of $12.79 and a two-hundred day simple moving average of $12.63. Gladstone Commercial has a 12 month low of $10.33 and a 12 month high of $13.28. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 5.43. The firm has a market capitalization of $578.69 million, a PE ratio of 45.98 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.07. Gladstone Commercial had a net margin of 14.55% and a return on equity of 14.61%. The company had revenue of $43.99 million for the quarter, compared to analysts’ expectations of $42.18 million. Equities 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.