Gladstone Commercial (GOODN) to Release Earnings on Wednesday

Gladstone Commercial (NASDAQ:GOODN) is anticipated to post its resultson Wednesday, August 5th. Analysts expect Gladstone Commercial to announce earnings of $0.0450 per share and revenue of $42.1810 million for the quarter.

Gladstone Commercial Price Performance

NASDAQ:GOODN traded up $0.10 during trading hours on Wednesday, hitting $23.04. 745 shares of the company traded hands, compared to its average volume of 3,216. The firm has a 50-day moving average of $22.62 and a 200 day moving average of $22.60. Gladstone Commercial has a twelve month low of $20.91 and a twelve month high of $23.83.

Gladstone Commercial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.138 dividend. The ex-dividend date is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

About Gladstone Commercial

Gladstone Commercial Corporation (NASDAQ: GOODN) is a real estate investment trust (REIT) that specializes in acquiring, owning and operating single-tenant industrial and office properties throughout the United States. The company focuses on net‐leased assets, where tenants assume responsibility for property taxes, insurance and maintenance, providing Gladstone Commercial with predictable, long‐term income streams. Its investment strategy targets properties occupied by creditworthy lessees under leases that typically range from five to twenty years in term.

Founded in 2003 and publicly listed in 2005, Gladstone Commercial is externally managed by Gladstone Management Corporation, an affiliate led by industry veteran David Gladstone.