On 1/17/14, Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock (GOODN) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 1/31/14. As a percentage of GOODN's recent share price of $26.36, this dividend works out to approximately 0.56%, so look for shares of GOODN to trade 0.56% lower — all else being equal — when GOODN shares open for trading on 1/17/14. On an annualized basis, the current yield is approximately 6.76%, which compares to an average yield of 7.70% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock Ex-Dividend Reminder - 1/17/14
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