Gladstone Commercial (GOODN) Projected to Release Quarterly Earnings on Wednesday

Gladstone Commercial (NASDAQ:GOODN) will likely be announcing its results after the market closes on Wednesday, August 5th. Analysts expect Gladstone Commercial to post earnings of $0.0450 per share and revenue of $42.1810 million for the quarter.

Gladstone Commercial Stock Up 0.9%

Shares of Gladstone Commercial stock traded up $0.20 on Monday, reaching $23.23. The stock had a trading volume of 2,884 shares, compared to its average volume of 3,208. The company has a 50 day moving average price of $22.65 and a 200 day moving average price of $22.61. Gladstone Commercial has a 1 year low of $20.91 and a 1 year high of $23.83.

Gladstone Commercial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.138 per share. The ex-dividend date is Monday, September 21st. This represents a c) dividend on an annualized basis and a yield of 7.1%.

About Gladstone Commercial

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.