Gladstone Commercial Corporation (GOOD) To Go Ex-Dividend on October 23rd

Gladstone Commercial Corporation (NASDAQ:GOOD) declared a monthly dividend on Tuesday, October 13th. Investors of record on Friday, October 23rd will be paid a dividend of $0.10 per share by the real estate investment trust on Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 9.5%. The ex-dividend date is Friday, October 23rd.

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. Equities research analysts expect Gladstone Commercial to earn $1.41 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 85.1%.

Gladstone Commercial Stock Down 1.5%

Shares of GOOD opened at $12.65 on Thursday. The company has a market capitalization of $612.39 million, a PE ratio of 48.66 and a beta of 1.07. Gladstone Commercial has a 12 month low of $10.33 and a 12 month high of $13.28. The stock’s 50-day moving average price is $12.84 and its two-hundred day moving average price is $12.60. The company has a current ratio of 3.72, a quick ratio of 3.72 and a debt-to-equity ratio of 5.43.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. The firm had revenue of $43.99 million for the quarter, compared to analyst estimates of $42.18 million. Gladstone Commercial had a return on equity of 14.61% and a net margin of 14.55%. On average, analysts anticipate that Gladstone Commercial will post 1.39 EPS for the current year.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial real estate in the United States. The company primarily invests in office and industrial properties, including single-tenant and select multi-tenant facilities leased to business and government tenants.

Gladstone Commercial generally leases its properties under long-term arrangements and seeks to generate rental income through a diversified portfolio of commercial real estate.