Wow, all of a 1.8 cent increase per year. Tiny as it is, GOOD has finally increased its dividend. Note the brag in the press release. This is why a decrease will be over David Gladstone's dead body.
MCLEAN, Va., Jan. 14, 2020 (GLOBE NEWSWIRE) -- 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 2020, increasing distributions to common stockholders. The Company also announced its plan to report earnings for the fourth quarter ended December 31, 2019.
Common Stock: $0.12515 cash distribution per common share for each of January, February and March 2020, payable per Table 1 below. The Company has paid 180 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.