Gladstone Commercial Corporation (GOOD) To Go Ex-Dividend on December 22nd

Gladstone Commercial Corporation (NASDAQ:GOOD) announced a monthly dividend on Tuesday, October 14th. Shareholders of record on Monday, December 22nd will be given a dividend of 0.10 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend is Monday, December 22nd.

Gladstone Commercial has decreased its dividend by an average of 0.0%annually over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Gladstone Commercial to earn $1.50 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 80.0%.

Gladstone Commercial Trading Down 2.2%

Shares of NASDAQ:GOOD opened at $10.81 on Friday. The firm has a fifty day moving average of $11.08 and a two-hundred day moving average of $12.63. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 4.58. Gladstone Commercial has a 12-month low of $10.47 and a 12-month high of $16.63. The firm has a market capitalization of $523.20 million, a P/E ratio of 60.06 and a beta of 1.10.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). Gladstone Commercial had a return on equity of 11.77% and a net margin of 13.59%.The firm had revenue of $40.84 million for the quarter, compared to analysts’ expectations of $40.10 million. On average, equities analysts expect that Gladstone Commercial will post 1.45 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.