Gladstone Commercial Corporation
GOODReal Estate · Stock · monthly payer
Forward Yield
9.15%
Annual Dividend
$1.20
Payout Ratio
667%
5-Yr Growth
-4.4%
Ex-Date
Jul 24, 2026
Frequency
Monthly
Summary
As of July 2026, Gladstone Commercial Corporation (GOOD) yields 9.15% ($1.20 per share annually), with a blended fair-value estimate of $25.60 — +95% upside, so it screens as undervalued. Dividend safety grade: D (47/100).
Is GOOD a good dividend stock?
MixedGladstone Commercial Corporation (GOOD) pays a monthly dividend yielding 9.15% ($1.20/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2023
- Elevated payout ratio (667%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 9.15%
- Payout Ratio
- 667%
- Annual Dividend
- $1.20
- 5-Yr Avg Growth
- -4.4%
- Ex-Dividend Date
- Jul 24, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 1.07
- Market Cap
- $634.7M
- P/E Ratio
- 72.2
- 5-Yr Total Return
- -42%
- 52-Week Range
- $10.33 – $13.88
- Dividend Safety
- D · 47/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
GOOD Price — Last 12 Months
Daily close
Price Return
1 Year
-3%
3 Years
-0%
5 Years
-42%
52-Week Range
$10.33 – $13.88
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GOOD worth?
Undervaluedlow confidenceOur blended fair-value estimate for Gladstone Commercial Corporation is $25.60 per share, versus a market price of $13.10. That implies 95% of upside — a margin of safety of about 49%.
Fair Value
$25.60
Current Price
$13.10
Upside
+95%
Margin of Safety
49%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.6% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.18 EPS, $1.20 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GOOD Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.1000 | regular |
| May 20, 2026 | — | $0.1000 | regular |
| Apr 24, 2026 | — | $0.1000 | regular |
| Mar 23, 2026 | — | $0.1000 | regular |
| Feb 18, 2026 | — | $0.1000 | regular |
| Jan 23, 2026 | — | $0.1000 | regular |
| Dec 22, 2025 | — | $0.1000 | regular |
| Nov 17, 2025 | — | $0.1000 | regular |
| Oct 24, 2025 | — | $0.1000 | regular |
| Sep 22, 2025 | — | $0.1000 | regular |
| Aug 20, 2025 | — | $0.1000 | regular |
| Jul 21, 2025 | — | $0.1000 | regular |
| Jun 20, 2025 | — | $0.1000 | regular |
| May 21, 2025 | — | $0.1000 | regular |
Income Calculator
At $1.20 / yr per share
