Gladstone Commercial Co. ( NASDAQ:GOODO – Get Rating ) announced a monthly dividend on Tuesday, April 11th, Wall Street Journal reports. Shareholders of record on Tuesday, May 23rd will be paid a dividend of 0.125 per share on Wednesday, May 31st. This represents a $1.50 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date is Monday, May 22nd. Gladstone Commercial has raised its dividend by an average of 2.2% per year over the last three years. Shares of GOODO stock opened at $16.

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