Gladstone Commercial (NASDAQ:GOODO) Trading Up 0.6% – Here’s Why

Gladstone Commercial Co. (NASDAQ:GOODO)’s stock price was up 0.6% during trading on Wednesday . The stock traded as high as $19.96 and last traded at $19.85. Approximately 3,571 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 7,216 shares. The stock had previously closed at $19.73.

Gladstone Commercial Stock Performance

The company’s 50-day simple moving average is $20.12 and its 200 day simple moving average is $20.24.

Gladstone Commercial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

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.