Gladstone Commercial (NASDAQ:GOODN) Trading Up 0.3% – Here’s Why

Gladstone Commercial Co. (NASDAQ:GOODN) was up 0.3% during mid-day trading on Thursday . The stock traded as high as $22.44 and last traded at $22.42. Approximately 2,012 shares were traded during trading, a decline of 41% from the average daily volume of 3,409 shares. The stock had previously closed at $22.36.

Gladstone Commercial Trading Up 0.1%

The company’s 50-day moving average is $22.32 and its 200-day moving average is $22.57.

Gladstone Commercial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.138 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 7.4%.

About Gladstone Commercial

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.