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

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Wednesday, January 22nd,investing.com reports. Shareholders 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 yield of 7.44%. The ex-dividend date is Friday, January 24th.

Gladstone Commercial has increased its dividend payment by an average of 41.6% annually over the last three years. Gladstone Commercial has a 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. Research 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 Stock Down 1.6 %

Shares of Gladstone Commercial stock traded down $0.27 during trading on Wednesday, hitting $16.12. 320,288 shares of the stock traded hands, compared to its average volume of 201,414. The stock has a market cap of $707.99 million, a P/E ratio of 80.60, a PEG ratio of 1.88 and a beta of 1.25. The company has a fifty day moving average price of $16.60 and a two-hundred day moving average price of $15.87. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. Gladstone Commercial has a twelve month low of $11.89 and a twelve month high of $17.88.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating and set a $15.00 target price (up previously from $13.50) on shares of Gladstone Commercial in a research report on Thursday, October 10th. Canaccord Genuity Group upgraded 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 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.