Gladstone Commercial Corporation (NASDAQ:GOOD) Shares to Pay Monthly Dividend of $0.10

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, October 13th. Shareholders of record on Monday, December 21st will be given a dividend of $0.10 per share by the real estate investment trust on Thursday, December 31st. This represents a $1.20 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Monday, December 21st.

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. Research 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 Stock Up 0.2%

Shares of GOOD opened at $12.84 on Wednesday. The stock has a market capitalization of $621.58 million, a price-to-earnings ratio of 49.39 and a beta of 1.07. Gladstone Commercial has a 1 year low of $10.33 and a 1 year high of $13.28. The business’s 50 day simple moving average is $12.83 and its 200-day simple moving average is $12.59. The company has a debt-to-equity ratio of 5.43, a current ratio of 3.72 and a quick ratio of 3.72.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. Gladstone Commercial had a net margin of 14.55% and a return on equity of 14.61%. The business had revenue of $43.99 million during the quarter, compared to analyst estimates of $42.18 million. As a group, equities analysts expect 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.