dividend
confidence high
sentiment negative
materiality 0.70
Gladstone Commercial cuts monthly common dividend 20% to $0.10; adviser waives Q1/Q2 incentive fees
GLADSTONE COMMERCIAL CORP
- Monthly common dividend reduced from $0.1254 to $0.10 per share for Jan/Feb/Mar 2023.
- Quarterly common distribution totals $0.30; paid 216 consecutive monthly common dividends.
- Adviser amends agreement to waive incentive fees for quarters ending March 31 and June 30, 2023.
- Senior Common dividend unchanged at $0.0875/month; Series E, F, G preferred dividends also unchanged.
- Earnings for Q4 2022 scheduled for release after market close on Feb 22, 2023; conference call Feb 23.