On 6/17/14, 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 6/30/14. As a percentage of GOODN's recent share price of $25.99, this dividend works out to approximately 0.57%, so look for shares of GOODN to trade 0.57% lower — all else being equal — when GOODN shares open for trading on 6/17/14. On an annualized basis, the current yield is approximately 6.85%, which compares to an average yield of 6.86% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, GOODN was trading at a 4.00% premium to its liquidation preference amount, versus the average premium of 0.44% in the "Real Estate" category. The chart below shows the one year performance of GOODN shares, versus GOOD:
Below is a dividend history chart for GOODN, showing historical dividends prior to the most recent $0.1484 on Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock :