Gladstone Commercial Co. (NASDAQ:GOODO – Get Free Report) declared a monthly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be paid a dividend of 0.125 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date is Friday, July 24th.
Gladstone Commercial Trading Down 0.3%
Shares of Gladstone Commercial stock opened at $20.40 on Wednesday. Gladstone Commercial has a 52 week low of $19.42 and a 52 week high of $22.20. The firm’s 50 day moving average is $20.14 and its two-hundred day moving average is $20.18.
Gladstone Commercial Company Profile
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.
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