Gladstone Commercial Co. (NASDAQ:GOODO) Declares Monthly Dividend of $0.12

Gladstone Commercial Co. (NASDAQ:GOODO) declared a monthly dividend on Tuesday, October 13th. Investors of record on Friday, October 23rd will be paid a dividend of $0.1250 per share on Friday, October 30th. This represents a $1.50 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Friday, October 23rd.

Gladstone Commercial Stock Down 0.9%

Shares of NASDAQ GOODO opened at $18.02 on Wednesday. Gladstone Commercial has a fifty-two week low of $17.51 and a fifty-two week high of $22.20. The firm’s 50-day simple moving average is $20.08 and its 200 day simple moving average is $20.09.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT) that owns, acquires and manages income-producing commercial properties in the United States. The company primarily focuses on net-leased assets, under which tenants generally assume responsibility for property taxes, insurance and maintenance expenses.

Its portfolio has historically included office and industrial properties, including single-tenant and smaller multi-tenant facilities. Gladstone Commercial seeks to generate recurring rental income through long-term leases with businesses across a range of industries and geographic markets.

Gladstone Commercial was established in 2003 and is externally advised by Gladstone Management Corporation, an affiliate of the broader Gladstone group of investment companies.