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

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Tuesday, January 14th,NASDAQ Dividends reports. Investors of record on Wednesday, February 19th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, February 28th. The ex-dividend date of this dividend is Wednesday, February 19th.

Gladstone Commercial has increased its dividend by an average of 41.4% per year over the last three years. Gladstone Commercial has a dividend 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. 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 0.3 %

Shares of NASDAQ GOOD opened at $16.21 on Monday. 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 firm has a market capitalization of $711.94 million, a price-to-earnings ratio of 81.05, a PEG ratio of 1.88 and a beta of 1.25. The stock has a 50 day moving average price of $16.23 and a 200 day moving average price of $16.06. Gladstone Commercial has a 52-week low of $11.89 and a 52-week high of $17.88.

Analysts Set New Price Targets

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

About Gladstone Commercial

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.