Gladstone Commercial Corporation Announces Monthly Cash Distributions for January, February and March of 2015
January 13 2015 - 4:30PM
Gladstone Commercial Corporation (Nasdaq:GOOD) (the "Company")
announced today that its board of directors declared the following
monthly cash distributions:
Cash Distributions:
Common Stock: $0.125 per common share for each
of January, February and March, 2015, payable per Table 1 below.
The Company has paid 120 consecutive monthly cash distributions on
its common stock. Prior to paying distributions on a monthly basis,
the Company paid five consecutive quarterly cash distributions. The
Company has never skipped, reduced or deferred a monthly common
stock distribution since its inception, over 11 years ago.
Table 1: Summary of common
stock cash distributions: |
Ex-Dividend
Date |
Record Date |
Payment Date |
Amount |
January 21 |
January 23 |
February 3 |
$0.125 |
February 13 |
February 18 |
February 27 |
$0.125 |
March 18 |
March 20 |
March 31 |
$0.125 |
Total for the
Quarter: |
$0.375 |
Senior Common Stock: $0.0875 per share of the
Company's senior common stock ("Senior Common") for each of
January, February and March, 2015, payable per Table 2 below. The
Company has paid 57 consecutive monthly cash distributions on its
Senior Common. The Company has never skipped, reduced or deferred a
monthly Senior Common distribution.
Table 2: Summary of Senior
Common cash distributions: |
Payable to Holders of Record
During the Month of: |
Payment Date |
Amount |
January |
February 6 |
$0.0875 |
February |
March 6 |
$0.0875 |
March |
April 7 |
$0.0875 |
Total for the Quarter: |
$0.2625 |
Series A Preferred Stock: $0.1614583 per share
of the Company's 7.75% Series A Cumulative Redeemable Preferred
Stock ("Series A Preferred Stock") for each of January, February
and March, 2015, payable per Table 3 below. The Series A Preferred
Stock trades on the NASDAQ under the symbol "GOODP." The Company
has paid 108 consecutive monthly cash distributions on its Series A
Preferred Stock. The Company has never skipped, reduced or deferred
a monthly Series A Preferred Stock distribution.
Table 3: Summary of Series A
Preferred Stock cash distributions: |
Ex-Dividend
Date |
Record Date |
Payment Date |
Amount |
January 21 |
January 23 |
February 3 |
$0.1614583 |
February 13 |
February 18 |
February 27 |
$0.1614583 |
March 18 |
March 20 |
March 31 |
$0.1614583 |
Total for the Quarter: |
$0.4843749 |
Series B Preferred Stock: $0.15625 per share of
the Company's 7.50% Series B Cumulative Redeemable Preferred Stock
("Series B Preferred Stock") for each of January, February and
March, 2015, payable per Table 4 below. The Series B Preferred
Stock trades on the NASDAQ under the symbol "GOODO." The Company
has paid 99 consecutive monthly cash distributions on its Series B
Preferred Stock. The Company has never skipped, reduced or deferred
a monthly Series B Preferred Stock distribution.
Table 4: Summary of Series B
Preferred Stock cash distributions: |
Ex-Dividend
Date |
Record Date |
Payment Date |
Amount |
January 21 |
January 23 |
February 3 |
$0.15625 |
February 13 |
February 18 |
February 27 |
$0.15625 |
March 18 |
March 20 |
March 31 |
$0.15625 |
Total for the Quarter: |
$0.46875 |
Series C Preferred Stock: $0.1484375 per share
of the Company's 7.125% Series C Term Preferred Stock ("Series C
Term Preferred Stock") for each of January, February and March,
2015, payable per Table 5 below. The Series C Term Preferred Stock
trades on the NASDAQ under the symbol "GOODN." The Company has paid
35 consecutive monthly cash distributions on its Series C Term
Preferred Stock. The Company has never skipped, reduced or deferred
a monthly Series C Preferred Stock distribution.
Table 5: Summary of Series C
Term Preferred Stock cash distributions: |
Ex-Dividend
Date |
Record Date |
Payment Date |
Amount |
January 21 |
January 23 |
February 3 |
$0.1484375 |
February 13 |
February 18 |
February 27 |
$0.1484375 |
March 18 |
March 20 |
March 31 |
$0.1484375 |
Total for the Quarter: |
$0.4453125 |
The Company offers a dividend reinvestment plan (the "DRIP") to
its common stockholders. For more information regarding the DRIP,
please visit www.gladstonecommercial.com.
Gladstone Commercial Corporation is a real estate investment
trust ("REIT") that invests in and owns net leased industrial,
commercial and retail real property and selectively makes long-term
industrial and commercial mortgage loans. The Company currently
owns 95 properties. Additional information can be found at
www.gladstonecommercial.com.
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstone.com.
CONTACT: Gladstone Commercial Corporation, +1 703-287-5893
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