Gladstone Commercial Co. (NASDAQ:GOOD) to Issue $0.10 Dividend

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Tuesday, April 8th, NASDAQ Dividends reports. Stockholders of record on Monday, April 21st will be given a dividend of 0.10 per share by the real estate investment trust on Wednesday, April 30th. The ex-dividend date of this dividend is Monday, April 21st.

Gladstone Commercial has raised its dividend by an average of 41.4% per year over the last three years. Gladstone Commercial has a payout ratio of 545.5% 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 analysts expect Gladstone Commercial to earn $1.50 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 80.0%.

Gladstone Commercial Trading Down 2.9 %

NASDAQ:GOOD traded down $0.40 on Thursday, hitting $13.30. 403,688 shares of the stock were exchanged, compared to its average volume of 286,063. The company has a debt-to-equity ratio of 4.05, a quick ratio of 3.54 and a current ratio of 5.68. Gladstone Commercial has a 52 week low of $12.67 and a 52 week high of $17.88. The stock has a market capitalization of $608.57 million, a price-to-earnings ratio of 51.15, a P/E/G ratio of 1.82 and a beta of 1.17. The company’s 50-day moving average price is $15.32 and its 200 day moving average price is $16.04.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.24. The business had revenue of $37.38 million during the quarter, compared to analysts’ expectations of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. On average, equities research analysts forecast that Gladstone Commercial will post 1.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research 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.