Gladstone Commercial Co. (NASDAQ:GOODO) Announces $0.12 Monthly Dividend

Gladstone Commercial Co. (NASDAQ:GOODO) declared a monthly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be paid a dividend of 0.125 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, July 24th.

Gladstone Commercial Price Performance

Shares of Gladstone Commercial stock opened at $20.04 on Wednesday. Gladstone Commercial has a 1 year low of $19.42 and a 1 year high of $22.20. The stock has a 50-day moving average price of $20.13 and a 200 day moving average price of $20.19.

About Gladstone Commercial

Gladstone Commercial Corporation is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of commercial properties across the United States. The company focuses primarily on single-tenant, net-leased office and industrial facilities, seeking long-term contractual cash flows from creditworthy tenants. Its investment strategy emphasizes free-standing assets located in markets with stable economic fundamentals and limited new supply.

Since its formation in 2003, Gladstone Commercial has pursued a disciplined growth approach, funding new acquisitions through a combination of equity raises, debt financing and proceeds from property dispositions.