Gladstone Commercial Co. Announces Monthly Dividend of $0.13 (NASDAQ:GOODO)

Gladstone Commercial Co. (NASDAQ:GOODO) announced a monthly dividend on Tuesday, January 13th. Stockholders of record on Monday, March 23rd will be given a dividend of 0.125 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Monday, March 23rd.

Gladstone Commercial Trading Up 0.3%

GOODO traded up $0.06 during trading hours on Wednesday, reaching $20.86. The company’s stock had a trading volume of 4,524 shares, compared to its average volume of 9,978. Gladstone Commercial has a fifty-two week low of $18.30 and a fifty-two week high of $21.37. The business’s 50-day moving average is $20.27 and its 200-day moving average is $20.31.

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.