Gladstone Commercial Corporation (NASDAQ:GOOD) Declares Monthly Dividend of $0.10

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.10 per share by the real estate investment trust on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Tuesday, August 18th.

Gladstone Commercial has decreased its dividend by an average of 0.0%per year over the last three years. Gladstone Commercial has a 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. 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

Shares of GOOD stock opened at $12.57 on Wednesday. The stock has a market capitalization of $608.51 million, a price-to-earnings ratio of 69.84 and a beta of 1.07. Gladstone Commercial has a one year low of $10.33 and a one year high of $14.17. The company’s 50-day simple moving average is $12.50 and its 200-day simple moving average is $12.05. The company has a debt-to-equity ratio of 5.13, a quick ratio of 4.03 and a current ratio of 4.03.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.30. Gladstone Commercial had a return on equity of 12.11% and a net margin of 12.74%.The firm had revenue of $41.91 million during the quarter, compared to analyst estimates of $42.94 million. Equities analysts anticipate that Gladstone Commercial will post 1.41 earnings per share 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.