Gladstone Commercial (NASDAQ:GOODN) Stock Price Up 0.3% – Here’s Why

Shares of Gladstone Commercial Co. (NASDAQ:GOODN) were up 0.3% on Thursday . The company traded as high as $22.66 and last traded at $22.51. Approximately 837 shares were traded during trading, a decline of 74% from the average session volume of 3,225 shares. The stock had previously closed at $22.44.

Gladstone Commercial Price Performance

The business’s fifty day moving average is $22.46 and its two-hundred day moving average is $22.60.

Gladstone Commercial Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a dividend of $0.138 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 7.4%.

About Gladstone Commercial

Gladstone Commercial Corporation (NASDAQ: GOODN) is a real estate investment trust (REIT) that specializes in acquiring, owning and operating single-tenant industrial and office properties throughout the United States. The company focuses on net‐leased assets, where tenants assume responsibility for property taxes, insurance and maintenance, providing Gladstone Commercial with predictable, long‐term income streams. Its investment strategy targets properties occupied by creditworthy lessees under leases that typically range from five to twenty years in term.

Founded in 2003 and publicly listed in 2005, Gladstone Commercial is externally managed by Gladstone Management Corporation, an affiliate led by industry veteran David Gladstone.