Gladstone Commercial Co. to Issue Monthly Dividend of $0.12 (NASDAQ:GOODO)

Gladstone Commercial Co. (NASDAQ:GOODO) announced a monthly dividend on Tuesday, July 14th. Investors of record on Monday, September 21st will be given a dividend of 0.125 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, September 21st.

Gladstone Commercial Stock Down 0.1%

Shares of NASDAQ:GOODO opened at $20.04 on Wednesday. Gladstone Commercial has a 52-week low of $19.42 and a 52-week high of $22.20. The stock’s 50-day moving average is $20.13 and its 200-day moving average is $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.