Gladstone Commercial Co. (NASDAQ:GOODO) Shareholders to Collect $0.12 Monthly Dividend

Gladstone Commercial Co. (NASDAQ:GOODO) declared a monthly dividend on Tuesday, October 13th. Investors of record on Monday, December 21st will be given a dividend of $0.1250 per share on Thursday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, December 21st.

Gladstone Commercial Price Performance

Shares of GOODO opened at $18.02 on Wednesday. The business’s 50-day moving average price is $20.08 and its 200 day moving average price is $20.09. Gladstone Commercial has a 1-year low of $17.51 and a 1-year high of $22.20.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that owns, acquires and manages income-producing commercial properties in the United States. The company primarily focuses on net-leased assets, under which tenants generally assume responsibility for property taxes, insurance and maintenance expenses.

Its portfolio has historically included office and industrial properties, including single-tenant and smaller multi-tenant facilities. Gladstone Commercial seeks to generate recurring rental income through long-term leases with businesses across a range of industries and geographic markets.

Gladstone Commercial was established in 2003 and is externally advised by Gladstone Management Corporation, an affiliate of the broader Gladstone group of investment companies.