In trading on Friday, shares of Gladstone Capital Corporation's 7.125% Series 2016 Preferred Stock (GLADP) were yielding above the 7% mark based on its monthly dividend (annualized to $1.7812), with shares changing hands as low as $25.36 on the day. This compares to an average yield of 5.83% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GLADP was trading at a 2.60% premium to its liquidation preference amount, versus the average discount of 3.44% in the "Financial" category.
Gladstone Capital's Preferred Stock Shares Cross 7% Yield Mark
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