Gladstone Commercial Co. Declares Dividend of $0.10 (NASDAQ:GOOD)

Gladstone Commercial Co. (NASDAQ:GOOD) declared a dividend on Monday, April 21st, investing.com reports. Shareholders of record on Tuesday, April 22nd will be given a dividend of 0.10 per share by the real estate investment trust on Wednesday, April 30th. This represents a yield of 8.5%. The ex-dividend date is Monday, April 21st.

Gladstone Commercial has raised its dividend by an average of 41.4% per year over the last three years. Gladstone Commercial has a payout ratio of 545.5% meaning 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 $1.50 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 80.0%.

Gladstone Commercial Price Performance

Shares of Gladstone Commercial stock traded down $0.06 during trading on Monday, hitting $14.11. The stock had a trading volume of 264,181 shares, compared to its average volume of 289,830. The business has a fifty day moving average of $14.98 and a two-hundred day moving average of $15.94. The firm has a market cap of $645.63 million, a P/E ratio of 54.27, a PEG ratio of 1.82 and a beta of 1.17. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. Gladstone Commercial has a fifty-two week low of $12.67 and a fifty-two week high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.24. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. The business had revenue of $37.38 million for the quarter, compared to the consensus estimate of $38.04 million. On average, sell-side analysts expect that Gladstone Commercial will post 1.45 earnings per share for the current fiscal year.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.