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Gladstone Commercial's Series B Preferred Stock Shares Cross 7% Yield Mark

By Preferred Stock Channel Staff, Wednesday, May 15, 2:05 PM ET

In trading on Wednesday, shares of Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (NASDAQ:GOODO) were yielding above the 7% mark based on its monthly dividend (annualized to $1.875), with shares changing hands as low as $26.60 on the day. This compares to an average yield of 6.78% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, GOODO was trading at a 7.40% premium to its liquidation preference amount, versus the average premium of 33.79% in the "Real Estate" category.

The chart below shows the one year performance of GOODO shares, versus GOOD:

Performance Comparison Chart

Below is a dividend history chart for GOODO, showing historical dividend payments on Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock:


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In Wednesday trading, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (NASDAQ:GOODO) is currently down about 0.9% on the day, while the common shares (NASDAQ:GOOD) are trading flat.


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