Gladstone Commercial Co. Announces Monthly Dividend of $0.13 (NASDAQ:GOODO)

Gladstone Commercial Co. (NASDAQ:GOODO) announced a monthly dividend on Tuesday, January 13th. Shareholders of record on Wednesday, February 18th will be paid a dividend of 0.125 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Wednesday, February 18th.

Gladstone Commercial Price Performance

GOODO stock opened at $20.96 on Wednesday. Gladstone Commercial has a twelve month low of $18.30 and a twelve month high of $21.37. The company’s 50 day moving average is $20.27 and its two-hundred day moving average is $20.31.

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.