Gladstone Commercial Corporation (NASDAQ:GOOD) Announces Monthly Dividend of $0.10

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, October 13th. Investors of record on Thursday, November 19th will be given a dividend of $0.10 per share by the real estate investment trust on Monday, November 30th. This represents a $1.20 annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend is Thursday, November 19th.

Gladstone Commercial has a dividend 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 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 Price Performance

Shares of GOOD opened at $12.84 on Wednesday. The company has a 50 day moving average of $12.83 and a two-hundred day moving average of $12.59. The company has a quick ratio of 3.72, a current ratio of 3.72 and a debt-to-equity ratio of 5.43. Gladstone Commercial has a twelve month low of $10.33 and a twelve month high of $13.28. The company has a market cap of $621.58 million, a price-to-earnings ratio of 49.39 and a beta of 1.07.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%. The business had revenue of $43.99 million for the quarter, compared to the consensus estimate of $42.18 million. As a group, analysts predict that Gladstone Commercial will post 1.39 earnings per share for the current fiscal 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.