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

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Thursday, January 23rd,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 7.45%. The ex-dividend date of this dividend is Friday, January 24th.

Gladstone Commercial has increased its dividend by an average of 41.6% 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 Price Performance

Shares of NASDAQ:GOOD traded down $0.01 during trading on Thursday, reaching $16.11. The stock had a trading volume of 300,305 shares, compared to its average volume of 208,450. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. The business has a fifty day moving average price of $16.59 and a 200-day moving average price of $15.88. The stock has a market cap of $707.55 million, a PE ratio of 80.55, a PEG ratio of 1.89 and a beta of 1.25. Gladstone Commercial has a 1-year low of $11.89 and a 1-year high of $17.88.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. B. Riley reaffirmed a “neutral” rating and issued a $15.00 price target (up from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th. Canaccord Genuity Group raised Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. Finally, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research note 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.