In trading on Wednesday, shares of Gladstone Commercial Corp's 7.75% Series A Cumulative Redeemable Preferred Stock (GOODP) were yielding above the 7.5% mark based on its monthly dividend (annualized to $1.9375), with shares changing hands as low as $25.10 on the day. This compares to an average yield of 7.61% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, GOODP was trading at a 3.76% premium to its liquidation preference amount, versus the average discount of 4.45% in the "Real Estate" category.The chart below shows the one year performance of GOODP shares, versus GOOD:
Gladstone Commercial's Series A Preferred Stock Shares Cross 7.5% Yield Mark
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