Gladstone Commercial Corporation Declares Monthly Dividend of $0.10 (NASDAQ:GOOD)

Key Points

• Gladstone Commercial Corporation declared a monthly dividend of $0.10 per share, set to be paid on October 31st to stockholders of record by October 24th.
• The company has a concerning payout ratio of 413.8%, indicating that it is currently relying on its balance sheet to support its dividend payments.
• Gladstone Commercial reported a quarterly EPS of $0.35, meeting analysts' expectations, with a projected annual EPS of $1.50 for next year.

Gladstone Commercial Corporation (NASDAQ:GOOD - Get Free Report) announced a monthly dividend on Tuesday, October 14th. Stockholders of record on Friday, October 24th will be paid a dividend of 0.10 per share by the real estate investment trust on Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Friday, October 24th.

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. Research 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

Shares of GOOD stock opened at $11.55 on Wednesday. The stock's 50-day simple moving average is $12.77 and its 200-day simple moving average is $13.63. The firm has a market capitalization of $537.76 million, a price-to-earnings ratio of 32.08, a PEG ratio of 1.28 and a beta of 1.11. Gladstone Commercial has a fifty-two week low of $11.26 and a fifty-two week high of $17.88. The company has a debt-to-equity ratio of 4.50, a quick ratio of 2.91 and a current ratio of 2.91.

Gladstone Commercial (NASDAQ:GOOD - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.35 EPS for the quarter, meeting analysts' consensus estimates of $0.35. Gladstone Commercial had a return on equity of 16.37% and a net margin of 18.67%.The firm had revenue of $39.53 million for the quarter, compared to analyst estimates of $38.32 million. As a group, equities analysts forecast that Gladstone Commercial will post 1.45 earnings per share for the current fiscal year.

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.

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