Gladstone Commercial Corporation (GOOD) To Go Ex-Dividend on November 19th

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, October 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Thursday, November 19th.

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 $1.41 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 Trading Down 1.5%

GOOD opened at $12.65 on Thursday. 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 52 week low of $10.33 and a 52 week high of $13.28. The stock has a market cap of $612.39 million, a PE ratio of 48.66 and a beta of 1.07. The business has a 50 day moving average of $12.84 and a 200-day moving average of $12.60.

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 for the quarter, topping the consensus estimate of $0.04 by $0.07. The company had revenue of $43.99 million for the quarter, compared to analysts’ expectations of $42.18 million. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%. Equities research 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.