Gladstone Commercial Co. ( NASDAQ:GOODO – Get Free Report ) announced a monthly dividend on Tuesday, July 11th, Wall Street Journal reports. Investors of record on Thursday, September 21st will be given a dividend of 0.125 per share on Friday, September 29th. This represents a $1.50 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Wednesday, September 20th. Gladstone Commercial has increased its dividend by an average of 2.2% per year over the last three years.

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