Gladstone Companies Announce Monthly Dividends Up to $0.14

Several Gladstone-related REIT securities announced monthly dividends, with shareholders of record October 23 scheduled to be paid October 30. Gladstone Land’s common shares will pay $0.0467 per share, or $0.56 annualized, while its LANDP and LANDO preferred securities each declared $0.125 monthly, or $1.50 annualized. Gladstone Commercial’s GOODN shares declared a $0.138 monthly dividend, equivalent to $1.66 annually. The reported yields range from about 5.8% to 8.3%; one report cautioned that Gladstone Land’s common dividend exceeds its earnings-based coverage, with analysts projecting a 124.4% payout ratio next year.