Gladstone Commercial Co. (NASDAQ:GOODO) Announces $0.13 Monthly Dividend
by Teresa Graham · The Cerbat GemGladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) announced a monthly dividend on Tuesday, April 14th. Stockholders of record on Tuesday, June 23rd will be given a dividend of 0.125 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Tuesday, June 23rd.
Gladstone Commercial Stock Up 0.1%
NASDAQ GOODO opened at $19.80 on Wednesday. Gladstone Commercial has a 52-week low of $19.10 and a 52-week high of $22.20. The company has a fifty day moving average of $20.01 and a 200-day moving average of $20.19.
About Gladstone Commercial
Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.
Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.