Gladstone Commercial Corporation (GOOD) to Issue Monthly Dividend of $0.10 on July 31st

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Friday, July 24th.

Gladstone Commercial has decreased its dividend payment by an average of 0.0%per year over the last three years. Gladstone Commercial has a dividend 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 research analysts expect Gladstone Commercial to earn $1.42 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 84.5%.

Gladstone Commercial Stock Performance

NASDAQ GOOD opened at $13.12 on Wednesday. The stock has a market capitalization of $635.14 million, a PE ratio of 72.89 and a beta of 1.07. The business has a 50 day simple moving average of $12.55 and a two-hundred day simple moving average of $12.14. The company has a debt-to-equity ratio of 5.13, a current ratio of 4.03 and a quick ratio of 4.03. Gladstone Commercial has a 1-year low of $10.33 and a 1-year high of $13.88.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.30. The business had revenue of $41.91 million for the quarter, compared to the consensus estimate of $42.94 million. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%. On average, research analysts predict that Gladstone Commercial will post 1.41 EPS for the current fiscal year.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.