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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.