Gladstone Commercial Corporation Announces Monthly Cash Distributions for October, November and December, 2016, and Third Qua...
October 11 2016 - 4:05PM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the “Company”)
announced today that its board of directors declared cash
distributions for the months of October, November and December,
2016 and its plan to report earnings for the third quarter ended
September 30, 2016.
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of October, November and December, 2016,
payable per Table 1 below. The Company has paid 141
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 inception, over 10 years ago.
Table 1: Summary of common stock cash distributions: |
|
Ex-Dividend Date |
|
Record Date |
|
Payment Date |
Amount |
|
October
19 |
|
October
21 |
|
October
31 |
$ |
0.125 |
|
November
15 |
|
November
17 |
|
November
30 |
$ |
0.125 |
|
December
16 |
|
December
20 |
|
December
30 |
$ |
0.125 |
|
|
|
|
|
Total for the
Quarter: |
$ |
0.375 |
|
|
|
|
|
Senior Common Stock: $0.0875 cash distribution
per share of the Company’s senior common stock (“Senior Common”)
for each of October, November and December, 2016, payable per Table
2 below. The Company has paid 78 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 |
October
|
|
November
7 |
$ |
0.0875 |
|
November
|
|
December
7 |
$ |
0.0875 |
|
December |
|
January
9 |
$ |
0.0875 |
|
|
|
Total for the Quarter: |
$ |
0.2625 |
|
|
|
|
|
Series A Preferred Stock: $0.1614583 cash
distribution per share of the Company’s 7.75% Series A Cumulative
Redeemable Preferred Stock (“Series A Preferred Stock”) for each of
October, November and December, 2016, payable per Table 3 below.
The Series A Preferred Stock trades on the NASDAQ under the symbol
“GOODP.” The Company has paid 129 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 |
October
19 |
|
October
21 |
|
October
31 |
$ |
0.1614583 |
|
November
15 |
|
November
17 |
|
November
30 |
$ |
0.1614583 |
|
December
16 |
|
December
20 |
|
December
30 |
$ |
0.1614583 |
|
|
|
|
|
Total for the Quarter: |
$ |
0.4843749 |
|
|
|
|
|
Series B Preferred Stock: $0.15625 cash
distribution per share of the Company’s 7.50% Series B Cumulative
Redeemable Preferred Stock (“Series B Preferred Stock”) for each of
October, November and December, 2016, payable per Table 4 below.
The Series B Preferred Stock trades on the NASDAQ under the symbol
“GOODO.” The Company has paid 120 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 |
|
October
19 |
|
October
21 |
|
October
31 |
$ |
0.15625 |
|
November
15 |
|
November
17 |
|
November
30 |
$ |
0.15625 |
|
December
16 |
|
December
20 |
|
December
30 |
$ |
0.15625 |
|
|
|
|
|
Total for the Quarter: |
$ |
0.46875 |
|
|
|
|
|
Series D Preferred Stock: $0.1458333 cash
distribution per share of the Company’s 7.0% Series D Preferred
Stock (“Series D Preferred Stock”) for each of October, November
and December, 2016, payable per Table 5 below. The Series D
Preferred Stock trades on the NASDAQ under the symbol
“GOODM.”
Table 5: Summary of Series D Preferred Stock cash
distributions: |
Ex-Dividend Date |
|
Record Date |
|
Payment Date |
Amount |
October
19 |
|
October
21 |
|
October
31 |
|
$ |
0.1458333 |
|
November
15 |
|
November
17 |
|
November
30 |
|
$ |
0.1458333 |
|
December
16 |
|
December
20 |
|
December
30 |
|
$ |
0.1458333 |
|
|
|
|
|
Total for the Quarter: |
|
$ |
0.4375 |
|
|
|
|
|
|
The Company offers a dividend reinvestment plan
(the “DRIP”) to its common stockholders. For more information
regarding the DRIP, please visit www.gladstonecommercial.com.
Earnings Announcement:
The Company also announced today that it plans to report
earnings for the third quarter ended September 30, 2016, after the
stock market closes on October 31, 2016. The Company will hold a
conference call Tuesday, November 1, at 8:30 a.m. EDT to discuss
its earnings results. Please call (888) 734-0328 to enter the
conference call. An operator will monitor the call and set a
queue for questions.
A conference call replay will be available after the call and
will be accessible through December 1, 2016. To hear the
replay, please dial (855) 859-2056 and use playback conference
number 46674770.
The live audio broadcast of the Company’s conference call will
be available online at www.gladstonecommercial.com. The event will
also be archived and available for replay on the Company’s website
through January 1, 2017.
If you have questions prior to or following the earnings release
you may e-mail them to info@gladstonecompanies.com.
Gladstone Commercial Corporation is a real estate investment
trust (“REIT”) focused on acquiring, owning and operating net
leased industrial and office properties across the United States.
The Company currently owns 97 properties. Additional
information can be found at www.gladstonecompanies.com.
Investor Relations Inquiries:
For Investor Relations inquiries related to any of the monthly
dividend paying Gladstone funds, please visit
www.gladstone.com.
For further information: Gladstone Commercial Corporation, +1 703-287-5893
Gladstone Commercial (NASDAQ:GOOD)
Historical Stock Chart
From Jun 2024 to Jul 2024
Gladstone Commercial (NASDAQ:GOOD)
Historical Stock Chart
From Jul 2023 to Jul 2024