Gladstone Commercial Co. (NASDAQ:GOOD) to Issue $0.10 Dividend

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Wednesday, January 22nd,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, January 31st. This represents a dividend yield of 7.44%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Commercial has increased its dividend payment by an average of 41.6% annually over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% indicating that 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 $1.45 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 82.8%.

Gladstone Commercial Stock Performance

Gladstone Commercial stock traded down $0.27 during mid-day trading on Wednesday, reaching $16.12. The company’s stock had a trading volume of 320,288 shares, compared to its average volume of 201,414. The firm has a market cap of $707.99 million, a price-to-earnings ratio of 80.60, a PEG ratio of 1.88 and a beta of 1.25. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.88. The business has a 50 day moving average price of $16.60 and a 200-day moving average price of $15.87. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group raised shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. B. Riley reaffirmed a “neutral” rating and set a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a report on Thursday, October 10th. Finally, StockNews.com downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

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.