Gladstone Commercial Co. (NASDAQ:GOODN) to Issue $0.14 Monthly Dividend

Gladstone Commercial Co. (NASDAQ:GOODN) announced a monthly dividend on Tuesday, January 13th. Shareholders of record on Monday, March 23rd will be given a dividend of 0.138 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Monday, March 23rd.

Gladstone Commercial Stock Performance

Shares of NASDAQ GOODN traded up $0.07 during trading on Wednesday, reaching $22.70. 3,617 shares of the company traded hands, compared to its average volume of 6,540. The firm’s fifty day simple moving average is $22.57 and its 200 day simple moving average is $22.57. Gladstone Commercial has a 12-month low of $20.51 and a 12-month high of $24.35.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation (NASDAQ: GOODN) is a real estate investment trust (REIT) that specializes in acquiring, owning and operating single-tenant industrial and office properties throughout the United States. The company focuses on net‐leased assets, where tenants assume responsibility for property taxes, insurance and maintenance, providing Gladstone Commercial with predictable, long‐term income streams. Its investment strategy targets properties occupied by creditworthy lessees under leases that typically range from five to twenty years in term.

Founded in 2003 and publicly listed in 2005, Gladstone Commercial is externally managed by Gladstone Management Corporation, an affiliate led by industry veteran David Gladstone.