Gladstone Commercial Co. Announces Monthly Dividend of $0.10 (NASDAQ:GOOD)

Gladstone Commercial Co. (NASDAQ:GOOD) declared a monthly dividend on Wednesday, January 15th, Wall Street Journal reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.10 per share by the real estate investment trust on Monday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 8.06%. The ex-dividend date is Wednesday, March 19th.

Gladstone Commercial has increased its dividend by an average of 41.4% annually over the last three years. Gladstone Commercial has a dividend payout ratio of 600.0% 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 analysts expect Gladstone Commercial to earn $1.50 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 80.0%.

Gladstone Commercial Price Performance

GOOD opened at $14.89 on Monday. The company has a market capitalization of $658.03 million, a price-to-earnings ratio of 57.27, a P/E/G ratio of 1.82 and a beta of 1.24. The company has a debt-to-equity ratio of 4.05, a current ratio of 5.68 and a quick ratio of 3.54. The firm’s fifty day moving average price is $15.97 and its two-hundred day moving average price is $16.21. Gladstone Commercial has a 1 year low of $12.85 and a 1 year high of $17.88.

Gladstone Commercial (NASDAQ:GOOD) last announced its quarterly earnings data on Tuesday, February 18th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.24. The firm had revenue of $37.38 million during the quarter, compared to the consensus estimate of $38.04 million. Gladstone Commercial had a return on equity of 15.16% and a net margin of 16.09%. As a group, analysts anticipate that Gladstone Commercial will post 1.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

About Gladstone Commercial

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 January 2024, Gladstone Commercial has paid 229 consecutive monthly cash distributions on its common stock.