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

Gladstone Commercial Co. (NASDAQ:GOOD) announced a dividend on Friday, January 24th,investing.com reports. Shareholders 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 yield of 7.48%. The ex-dividend date is Friday, January 24th.

Gladstone Commercial has raised its dividend payment by an average of 41.6% per year over the last three years. Gladstone Commercial has a dividend payout ratio of 413.8% meaning 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 $1.45 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 0.4 %

GOOD opened at $16.04 on Friday. The company has a debt-to-equity ratio of 4.10, a quick ratio of 3.54 and a current ratio of 3.54. Gladstone Commercial has a one year low of $11.89 and a one year high of $17.88. The company has a market cap of $704.48 million, a P/E ratio of 80.20, a PEG ratio of 1.86 and a beta of 1.25. The business’s 50-day simple moving average is $16.56 and its 200-day simple moving average is $15.89.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on GOOD shares. Canaccord Genuity Group upgraded shares of Gladstone Commercial to a “strong-buy” rating in a research report on Friday, October 4th. StockNews.com lowered Gladstone Commercial from a “buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, B. Riley restated a “neutral” rating and set a $15.00 target price (up from $13.50) on shares of Gladstone Commercial in a research report 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.