Shares of Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) traded down 0.4% during mid-day trading on Wednesday . The stock traded as low as $19.80 and last traded at $19.8440. 3,336 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 9,866 shares. The stock had previously closed at $19.92.
Gladstone Commercial Stock Down 1.0%
The stock has a fifty day moving average price of $20.25 and a 200-day moving average price of $20.27.
Gladstone Commercial Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a dividend of $0.125 per share. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Monday, March 23rd.
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.
Further Reading
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