Gladstone Commercial Co. (GOODO) to Distribute Monthly Dividend of $0.12 on October 30th

Gladstone Commercial Co. (NASDAQ:GOODO) announced a monthly dividend on Tuesday, October 13th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.1250 per share on Friday, October 30th. This represents a $1.50 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, October 23rd.

Gladstone Commercial Stock Down 1.3%

NASDAQ GOODO opened at $17.79 on Thursday. Gladstone Commercial has a 52-week low of $17.51 and a 52-week high of $22.20. The company has a fifty day moving average of $20.02 and a 200-day moving average of $20.07.

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.