Gladstone Commercial Corporation Announces Monthly Cash Distributions for January, February and March, 2017
January 10 2017 - 4:05PM
Gladstone Commercial Corporation (NASDAQ:GOOD) (the “Company”)
announced today that its board of directors declared cash
distributions for the months of January, February and March, 2017.
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of January, February and March, 2017, payable
per Table 1 below. The Company has paid 144 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 |
|
January 18 |
January 20 |
January 31 |
$ |
0.125 |
|
February 14 |
February 16 |
February 28 |
$ |
0.125 |
|
March
20 |
March
22 |
March
31 |
$ |
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 January, February and March, 2017, payable per Table 2
below. The Company has paid 81 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 7 |
$ |
0.0875 |
February |
March
7 |
$ |
0.0875 |
March |
April
7 |
$ |
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
January, February and March, 2017, payable per Table 3 below. The
Series A Preferred Stock trades on the NASDAQ under the symbol
“GOODP.” The Company has paid 132 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 18 |
January 20 |
January 31 |
$ |
0.1614583 |
February 14 |
February 16 |
February 28 |
$ |
0.1614583 |
March
20 |
March
22 |
March
31 |
$ |
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
January, February and March, 2017, payable per Table 4 below. The
Series B Preferred Stock trades on the NASDAQ under the symbol
“GOODO.” The Company has paid 123 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 18 |
January 20 |
January 31 |
$ |
0.15625 |
|
February 14 |
February 16 |
February 28 |
$ |
0.15625 |
|
March
20 |
March
22 |
March
31 |
$ |
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 January, February
and March, 2017, payable per Table 5 below. The Series D Preferred
Stock trades on the NASDAQ under the symbol “GOODM.” The
Company has never skipped, reduced or deferred a monthly Series D
Preferred Stock distribution.
Table 5:
Summary of Series D Preferred Stock cash distributions: |
Ex-Dividend Date |
Record Date |
Payment Date |
Amount |
January 18 |
January 20 |
January 31 |
$ |
0.1458333 |
February 14 |
February 16 |
February 28 |
$ |
0.1458333 |
March
20 |
March
22 |
March
31 |
$ |
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.
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.
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
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