Gladstone Commercial Co. (GOOD) to Issue Dividend of $0.10 on February 28th

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Tuesday, January 14th,investing.com reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, February 28th. This represents a dividend yield of 7.45%. The ex-dividend date is Wednesday, February 19th.

Gladstone Commercial has increased its dividend by an average of 41.4% annually over the last three years. Gladstone Commercial has a payout ratio of 413.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Gladstone Commercial to earn $1.45 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 82.8%.

Gladstone Commercial Trading Down 0.3 %

Shares of GOOD opened at $16.21 on Monday. The firm’s 50-day moving average is $16.23 and its two-hundred day moving average is $16.06. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. The firm has a market capitalization of $711.94 million, a P/E ratio of 81.05, a PEG ratio of 1.88 and a beta of 1.25. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.