Gladstone Commercial Co. (NASDAQ:GOOD) Plans Monthly Dividend of $0.13

Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Tuesday, July 9th, NASDAQ reports. Investors of record on Tuesday, August 20th will be given a dividend of 0.125 per share by the real estate investment trust on Friday, August 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date is Monday, August 19th.

Gladstone Commercial has a payout ratio of 94.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Gladstone Commercial to earn $1.65 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 90.9%.

NASDAQ:GOOD opened at $22.42 on Friday. The company has a quick ratio of 10.81, a current ratio of 10.81 and a debt-to-equity ratio of 2.18. Gladstone Commercial has a 1-year low of $16.89 and a 1-year high of $22.83. The firm has a market capitalization of $683.02 million, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 2.79 and a beta of 0.83. The stock has a fifty day simple moving average of $21.49 and a 200 day simple moving average of $21.11.

Gladstone Commercial (NASDAQ:GOOD) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.42). Gladstone Commercial had a net margin of 10.97% and a return on equity of 4.72%. The company had revenue of $28.20 million during the quarter, compared to analyst estimates of $28.55 million. Equities analysts predict that Gladstone Commercial will post 1.58 earnings per share for the current year.

Several equities research analysts recently issued reports on the company. BidaskClub raised Gladstone Commercial from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Zacks Investment Research downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, ValuEngine downgraded Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $22.50.

Gladstone Commercial Company Profile

Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through April 2019, Gladstone Commercial has paid 172 consecutive monthly cash distributions on its common stock.

Read More: Purposes and Functions of the Federal Reserve

Dividend History for Gladstone Commercial (NASDAQ:GOOD)

Receive News & Ratings for Gladstone Commercial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Commercial and related companies with's FREE daily email newsletter.