Gladstone Commercial Co. (GOOD) To Go Ex-Dividend on March 19th

Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Thursday, January 16th, Wall Street Journal reports. Shareholders of record on Wednesday, March 19th will be given a dividend of 0.10 per share by the real estate investment trust on Monday, March 31st. This represents a $1.20 annualized dividend and a yield of 8.06%. The ex-dividend date is Wednesday, March 19th.

Gladstone Commercial has raised its dividend by an average of 41.4% per year over the last three years. Gladstone Commercial has a dividend payout ratio of 600.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Gladstone Commercial to earn $1.50 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 80.0%.

Gladstone Commercial Stock Up 1.0 %

Shares of NASDAQ GOOD opened at $14.89 on Monday. The company has a current ratio of 5.68, a quick ratio of 3.54 and a debt-to-equity ratio of 4.05. Gladstone Commercial has a 12-month low of $12.85 and a 12-month high of $17.88. The firm’s 50-day moving average price is $15.97 and its 200-day moving average price is $16.21. The stock has a market capitalization of $658.03 million, a price-to-earnings ratio of 57.27, a P/E/G ratio of 1.82 and a beta of 1.24.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Tuesday, February 18th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.24. The firm had revenue of $37.38 million during the quarter, compared to analysts’ expectations of $38.04 million. Gladstone Commercial had a net margin of 16.09% and a return on equity of 15.16%. On average, equities research analysts anticipate that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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.