Gladstone Commercial Co. (NASDAQ:GOODO) to Issue $0.13 Monthly Dividend

Gladstone Commercial Co. (NASDAQ:GOODO) announced a monthly dividend on Tuesday, January 13th. Investors of record on Wednesday, February 18th will be paid a dividend of 0.125 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Wednesday, February 18th.

Gladstone Commercial Price Performance

Shares of Gladstone Commercial stock opened at $20.96 on Wednesday. Gladstone Commercial has a 12 month low of $18.30 and a 12 month high of $21.37. The business has a 50 day simple moving average of $20.27 and a two-hundred day simple moving average of $20.31.

Gladstone Commercial Company Profile

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.