Gladstone Commercial Corporation Announces Common, Senior Common and Preferred Stock Monthly Cash Distributions for January, February and March 2013
MCLEAN, Va., Jan. 8, 2013 /PRNewswire/ -- Gladstone Commercial Corporation (NASDAQ: GOOD) (the "Company") announced today that its board of directors declared the following monthly cash distributions:
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Common Stock
$0.125per common share for each of January, February and March 2013 payable per Table 1 below. The Company has paid 96 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, the Company paid 5 consecutive quarterly cash distributions. The Company has never skipped, reduced or deferred a monthly distribution since inception, over nine years ago.
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Table 1: Summary of common stock cash distributions for the quarter ending March 31, 2013: |
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Declaration Date
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Ex-Dividend Date
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Record Date
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Payment Date
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Amount
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January 8 |
January 16 |
January 18 |
January 31 |
$0.125 |
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January 8 |
February 13 |
February 15 |
February 28 |
$0.125 |
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January 8 |
March 13 |
March 15 |
March 28 |
$0.125 |
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Total for the Quarter: |
$0.375 |
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Senior Common Stock
$0.0875 per share of the Company's senior common stock ("Senior Common") for each of January, February and March 2013 payable per Table 2 below. The Company has paid 33 consecutive monthly cash distributions on its Senior Common. The Company has never skipped, reduced or deferred a monthly distribution.
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Table 2: Summary of Senior Common cash distributions for the quarter ending March 31, 2013: |
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Declaration Date
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Payable to Holders of Record During the Month of: |
Payment Date
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Amount
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January 8 |
January |
February 7 |
$0.0875 |
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January 8 |
February |
March 7 |
$0.0875 |
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January 8 |
March |
April 5 |
$0.0875 |
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Total for the Quarter: |
$0.2625 |
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Series A Preferred Stock
$0.1614583 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 2013, payable per Table 3 below. The Series A Preferred Stock trades on the NASDAQ under the symbol "GOODP." The Company has paid 84 consecutive monthly cash distributions on its Series A Preferred Stock. The Company has never skipped, reduced or deferred a monthly distribution.
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Table 3: Summary of Series A Preferred Stock cash distributions for the quarter ending March 31, 2013: |
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Declaration Date
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Ex-Dividend Date
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Record Date
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Payment Date
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Amount
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January 8 |
January 16 |
January 18 |
January 31 |
$0.1614583 |
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January 8 |
February 13 |
February 15 |
February 28 |
$0.1614583 |
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January 8 |
March 13 |
March 15 |
March 28 |
$0.1614583 |
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Total for the Quarter: |
$0.4843749 |
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Series B Preferred Stock
$0.15625 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 2013, payable per Table 4 below. The Series B Preferred Stock trades on the NASDAQ under the symbol "GOODO." The Company has paid 75 consecutive monthly cash distributions on its Series B Preferred Stock. The Company has never skipped, reduced or deferred a monthly distribution.
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Table 4: Summary of Series B Preferred Stock cash distributions for the quarter ending March 31, 2013: |
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Declaration Date
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Ex-Dividend Date
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Record Date
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Payment Date
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Amount
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January 8 |
January 16 |
January 18 |
January 31 |
$0.15625 |
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January 8 |
February 13 |
February 15 |
February 28 |
$0.15625 |
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January 8 |
March 13 |
March 15 |
March 28 |
$0.15625 |
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Total for the Quarter: |
$0.46875 |
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Series C Preferred Stock
$0.1484375 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 2013, payable per Table 5 below. The Series C Term Preferred Stock trades on the NASDAQ under the symbol "GOODN." The Company has paid 11 consecutive monthly cash distributions on its Series C Term Preferred Stock. Monthly distributions will be payable per Table 5 below.
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Table 5: Summary of Series C Term Preferred Stock cash distributions for the quarter ending March 31, 2013: |
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Declaration Date
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Ex-Dividend Date
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Record Date
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Payment Date
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Amount
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January 8 |
January 16 |
January 18 |
January 31 |
$0.1484375 |
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January 8 |
February 13 |
February 15 |
February 28 |
$0.1484375 |
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January 8 |
March 13 |
March 15 |
March 28 |
$0.1484375 |
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Total for the Quarter: |
$0.4453125 |
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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 publicly-traded 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 80 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.
SOURCE Gladstone Commercial Corporation
Released January 8, 2013