Gladstone Commercial Co. (NASDAQ:GOODN) Plans $0.14 Monthly Dividend

Gladstone Commercial Co. (NASDAQ:GOODN) declared a monthly dividend on Tuesday, April 14th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 0.138 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Wednesday, May 20th.

Gladstone Commercial Stock Performance

Shares of GOODN opened at $22.44 on Wednesday. Gladstone Commercial has a 1 year low of $20.91 and a 1 year high of $24.35. The stock’s 50-day moving average price is $22.65 and its two-hundred day moving average price is $22.59.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation (NASDAQ: GOODN) is a real estate investment trust (REIT) that specializes in acquiring, owning and operating single-tenant industrial and office properties throughout the United States. The company focuses on net‐leased assets, where tenants assume responsibility for property taxes, insurance and maintenance, providing Gladstone Commercial with predictable, long‐term income streams. Its investment strategy targets properties occupied by creditworthy lessees under leases that typically range from five to twenty years in term.

Founded in 2003 and publicly listed in 2005, Gladstone Commercial is externally managed by Gladstone Management Corporation, an affiliate led by industry veteran David Gladstone.