MCLEAN, Va., Jan. 12, 2016 (GLOBE NEWSWIRE) -- Gladstone Commercial Corporation (NASDAQ: GOOD ) (the “Company”) announced today that its board of directors declared the following monthly cash distributions:
Cash Distributions:
Common Stock: $0.125 cash distribution per common share for each of January, February and March, 2016, payable per Table 1 below. The Company has paid 132 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 20 | January 22 | February 2 | $ | 0.125 | |||
| February 16 | February 18 | February 29 | $ | 0.125 | |||
| March 17 | March 21 | 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, 2016, payable per Table 2 below. The Company has paid 69 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 5 | $ | 0.0875 | |
| February | March 8 | $ | 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, 2016, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol “GOODP.” The Company has paid 120 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 20 | January 22 | February 2 | $ | 0.1614583 | |
| February 16 | February 18 | February 29 | $ | 0.1614583 | |
| March 17 | March 21 | 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, 2016, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol “GOODO.” The Company has paid 111 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 20 | January 22 | February 2 | $ | 0.15625 | |||
| February 16 | February 18 | February 29 | $ | 0.15625 | |||
| March 17 | March 21 | March 31 | $ | 0.15625 | |||
| Total for the Quarter: | $ | 0.46875 | |||||
Series C Preferred Stock: $0.1484375 cash distribution per share of the Company’s 7.125% Series C Term Preferred Stock (“Series C Term Preferred Stock”) for each of January, February and March, 2016, payable per Table 5 below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol “GOODN.” The Company has paid 47 consecutive monthly cash distributions on its Series C Term Preferred Stock. The Company has never skipped, reduced or deferred a monthly Series C Preferred Stock distribution.
| Table 5: Summary of Series C Term Preferred Stock cash distributions: | |||||||
| Ex-Dividend Date | Record Date | Payment Date | Amount | ||||
| January 20 | January 22 | February 2 | $ | 0.1484375 | |||
| February 16 | February 18 | February 29 | $ | 0.1484375 | |||
| March 17 | March 21 | March 31 | $ | 0.1484375 | |||
| Total for the Quarter: | $ | 0.4453125 | |||||
The Company offers a dividend reinvestment plan (the “DRIP”) to its common stockholders. For more information regarding the DRIP, please visit www.gladstonecommercial.com .
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”) that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans. The Company currently owns 99 properties. Additional information can be found at www.gladstonecompanies.com .
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
