Gladstone Commercial Co. (GOOD) to Issue Dividend of $0.10 on January 31st

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Wednesday, January 22nd,investing.com reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, January 31st. This represents a dividend yield of 7.44%. The ex-dividend date is Friday, January 24th.

Gladstone Commercial has increased its dividend payment by an average of 41.6% annually over the last three years. 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. Research analysts expect Gladstone Commercial to earn $1.45 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 82.8%.

Gladstone Commercial Trading Down 1.6 %

GOOD stock traded down $0.27 during midday trading on Wednesday, reaching $16.12. 320,288 shares of the company’s stock traded hands, compared to its average volume of 201,414. The company has a debt-to-equity ratio of 4.10, a current ratio of 3.54 and a quick ratio of 3.54. Gladstone Commercial has a fifty-two week low of $11.89 and a fifty-two week high of $17.88. The business has a 50-day moving average price of $16.60 and a two-hundred day moving average price of $15.87. The company has a market capitalization of $707.99 million, a P/E ratio of 80.60, a PEG ratio of 1.88 and a beta of 1.25.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. StockNews.com cut Gladstone Commercial from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research note on Friday, October 4th. Finally, B. Riley reaffirmed a “neutral” rating and set a $15.00 price target (up previously from $13.50) on shares of Gladstone Commercial in a research note on Thursday, October 10th.

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