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

Gladstone Commercial Co. (NASDAQ:GOOD) declared a dividend on Tuesday, January 14th,NASDAQ Dividends reports. Stockholders of record on Wednesday, February 19th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, February 28th. The ex-dividend date is Wednesday, February 19th.

Gladstone Commercial has increased its dividend by an average of 41.4% annually over the last three years. 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 $1.45 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

Shares of GOOD stock opened at $16.21 on Monday. The business’s fifty day simple moving average is $16.23 and its 200-day simple moving average is $16.06. The company has a market cap of $711.94 million, a PE ratio of 81.05, a PEG ratio of 1.88 and a beta of 1.25. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10. Gladstone Commercial has a 12-month low of $11.89 and a 12-month high of $17.88.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

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.