In This Article:
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 2025 and also announced its plan to report earnings for the fourth quarter ended December 31, 2024.
Cash Distributions:
Common Stock: $0.10 cash distribution per common share for each of January, February and March 2025, payable per Table 1 below. The Company has paid 240 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid five consecutive quarterly cash distributions.
Table 1: Summary of common stock cash distributions:
Record Date | Payment Date | Cash Distribution | |||
January 24 | January 31 | $ | 0.10 | ||
February 19 | February 28 | $ | 0.10 | ||
March 19 | March 31 | $ | 0.10 | ||
Total for the Quarter: | $ | 0.30 |
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 2025, payable per Table 2 below. The Company has paid 177 consecutive monthly cash distributions on its Senior Common.
Table 2: Summary of Senior Common cash distributions:
Payable to Holders of Record During the Month of: | Payment Date | Amount | |||
January | February 5 | $ | 0.0875 | ||
February | March 5 | $ | 0.0875 | ||
March | April 4 | $ | 0.0875 | ||
Total for the Quarter: | $ | 0.2625 |
Series E Preferred Stock: $0.138021 cash distribution per share of the Company's 6.625% Series E Preferred Stock ("Series E Preferred Stock") for each of January, February and March 2025, payable per Table 3 below. The Series E Preferred Stock trades on Nasdaq under the symbol "GOODN."
Table 3: Summary of Series E Preferred Stock cash distributions:
Record Date | Payment Date | Cash Distribution | |||
January 24 | January 31 | $ | 0.138021 | ||
February 19 | February 28 | $ | 0.138021 | ||
March 19 | March 31 | $ | 0.138021 | ||
Total for the Quarter: | $ | 0.414063 |
Series F Preferred Stock: $0.125 cash distribution per share of the Company's 6.00% Series F Preferred Stock ("Series F Preferred Stock") for each of January, February and March 2025, payable per Table 4 below. The Series F Preferred Stock is not listed on a national securities exchange.
Table 4: Summary of Series F Preferred Stock cash distributions:
Record Date | Payment Date | Cash Distribution | |||
January 27 | February 5 | $ | 0.125 | ||
February 25 | March 5 | $ | 0.125 | ||
March 26 | April 4 | $ | 0.125 | ||
Total for the Quarter: | $ | 0.375 |
The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders and Series F Preferred stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com.