Gladstone Commercial Corporation (GOOD) to Issue Monthly Dividend of $0.10 on September 30th

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Thursday, July 10th, Wall Street Journal reports. Investors of record on Monday, September 22nd will be given a dividend of 0.10 per share by the real estate investment trust on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Monday, September 22nd.

Gladstone Commercial has a dividend payout ratio of 413.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Performance

NASDAQ:GOOD opened at $12.88 on Friday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 4.50. The firm has a market capitalization of $599.69 million, a price-to-earnings ratio of 35.78, a PEG ratio of 1.45 and a beta of 1.16. The firm’s fifty day simple moving average is $13.28 and its 200 day simple moving average is $13.99. Gladstone Commercial has a twelve month low of $12.67 and a twelve month high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The business had revenue of $39.53 million for the quarter, compared to analyst estimates of $38.32 million. Gladstone Commercial had a net margin of 18.67% and a return on equity of 16.37%. As a group, equities research analysts expect that Gladstone Commercial will post 1.45 earnings per share for the current fiscal year.

Gladstone Commercial Company Profile

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.