Gladstone Commercial Corporation (GOOD) To Go Ex-Dividend on March 23rd

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, January 13th. Investors of record on Monday, March 23rd will be given a dividend of 0.10 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date is Monday, March 23rd.

Gladstone Commercial has decreased its dividend payment by an average of 0.0%per year over the last three years. Gladstone Commercial has a payout ratio of 413.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 2.0%

NASDAQ GOOD opened at $11.48 on Thursday. The company has a quick ratio of 4.31, a current ratio of 4.31 and a debt-to-equity ratio of 4.58. Gladstone Commercial has a fifty-two week low of $10.33 and a fifty-two week high of $16.63. The business has a 50 day moving average price of $10.89 and a two-hundred day moving average price of $12.16. The stock has a market cap of $555.63 million, a PE ratio of 63.78 and a beta of 1.11.

Gladstone Commercial (NASDAQ:GOOD) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.04). The firm had revenue of $40.84 million for the quarter, compared to analyst estimates of $40.10 million. Gladstone Commercial had a return on equity of 11.77% and a net margin of 13.59%. As a group, sell-side analysts predict that Gladstone Commercial will post 1.45 EPS for the current fiscal year.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long‐term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single‐tenant net‐leased investments and multi‐tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.