Gladstone Commercial Co. (GOOD) To Go Ex-Dividend on January 24th

Gladstone Commercial Co. (NASDAQ:GOOD) declared a dividend on Friday, January 24th,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 7.48%. The ex-dividend date is Friday, January 24th.

Gladstone Commercial has increased 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. 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 0.4 %

Gladstone Commercial stock 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. The firm has a 50 day moving average price of $16.56 and a 200 day moving average price of $15.89. Gladstone Commercial has a fifty-two week low of $11.89 and a fifty-two week high of $17.88. The company has a market capitalization of $704.48 million, a PE ratio of 80.20, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25.

Wall Street Analyst Weigh In

Several research firms recently issued reports on GOOD. Canaccord Genuity Group upgraded Gladstone Commercial to a “strong-buy” rating in a report on Friday, October 4th. StockNews.com lowered shares of Gladstone Commercial from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, B. Riley reissued a “neutral” rating and issued a $15.00 price objective (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.