Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) announced a monthly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.125 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, July 24th.
Gladstone Commercial Price Performance
GOODO opened at $20.04 on Wednesday. Gladstone Commercial has a 52-week low of $19.42 and a 52-week high of $22.20. The business’s fifty day moving average is $20.13 and its 200-day moving average is $20.19.
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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