Gladstone Commercial Corporation Announces Dividend Amid High Payout Ratio
1 report, 1 independent
Updated Wed 00:00
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What happened
Gladstone Commercial Corporation announced a monthly dividend of $0.10 per share, which amounts to $1.20 annually for investors of record on December 21st. The company's current payout ratio is 413.8%, meaning it cannot cover the dividend solely with earnings. Analysts project that the company could cover the annual dividend with future earnings, expecting a payout ratio of 85.1% next year.
From dailypolitical.com
Why it matters
The high payout ratio indicates that Gladstone Commercial Corporation is relying on its balance sheet to fund dividend payments. Institutional investors have recently adjusted their positions in the stock, and the company maintains a debt-to-equity ratio of 5.43.
From dailypolitical.com
Who's involved
- VermontState where the acquisition took place
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The entities involved
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Vermont
state of the United States of America