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

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Tuesday, January 14th,NASDAQ Dividends reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.10 per share by the real estate investment trust on Friday, February 28th. The ex-dividend date of this dividend is Wednesday, February 19th.

Gladstone Commercial has increased its dividend by an average of 41.4% annually over the last three years. Gladstone Commercial has a 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 $1.45 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 Stock Down 0.3 %

Gladstone Commercial stock opened at $16.21 on Monday. The firm has a market capitalization of $711.94 million, a price-to-earnings ratio of 81.05, a P/E/G ratio of 1.88 and a beta of 1.25. The firm has a 50 day simple moving average of $16.23 and a 200 day simple moving average of $16.06. Gladstone Commercial has a 1-year low of $11.89 and a 1-year high of $17.88. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 4.10.

Analysts Set New Price Targets

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.