Gladstone Commercial Corporation Announces Monthly Cash Distributions for January, February and March 2019
January 08 2019 - 4:19PM
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 2019.
Cash Distributions:
Common Stock: $0.125 cash distribution per
common share for each of January, February and March 2019, payable
per Table 1 below. The Company has paid 168 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 or quarterly common stock
distribution since its inception in 2003.
Table 1: Summary of common stock cash
distributions:
Record
Date |
Payment
Date |
Cash Distribution |
January 18 |
January 31 |
$0.125 |
February 20 |
February 28 |
$0.125 |
March
20 |
March
29 |
$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 2019, payable per Table 2
below. The Company has paid 105 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
8 |
$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 2019, payable per Table 3 below. The
Series A Preferred Stock trades on NASDAQ under the symbol “GOODP.”
The Company has paid 156 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:
Record
Date |
Payment
Date |
Cash Distribution |
January 18 |
January 31 |
$0.1614583 |
February 20 |
February 28 |
$0.1614583 |
March
20 |
March
29 |
$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 2019, payable per Table 4 below. The
Series B Preferred Stock trades on NASDAQ under the symbol
“GOODO.” The Company has paid 147 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:
Record
Date |
Payment
Date |
Cash Distribution |
January 18 |
January 31 |
$0.15625 |
February 20 |
February 28 |
$0.15625 |
March
20 |
March
29 |
$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 2019, payable per Table 5 below. The Series D Preferred
Stock trades on NASDAQ under the symbol “GOODM.” The Company
has paid 32 consecutive monthly cash distributions on its Series D
Preferred Stock. 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:
Record
Date |
Payment
Date |
Cash Distribution |
January 18 |
January 31 |
$0.1458333 |
February 20 |
February 28 |
$0.1458333 |
March
20 |
March
29 |
$0.1458333 |
|
Total for the Quarter: |
$0.4374999 |
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.
As of September 30, 2018, the Company owned 99 properties located
in 24 states, totaling approximately 11.6 million square
feet. 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.
Source: Gladstone Commercial Corporation
For further information: Gladstone Commercial Corporation, +1
703-287-5893
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