Gladstone Commercial's 7.125% Series C Preferred Stock Ex-Dividend Reminder - 4/18/13

On 4/18/13, 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 4/30/13. As a percentage of GOODN's recent share price of $25.70, this dividend works out to approximately 0.58%, so look for shares of GOODN to trade 0.58% lower — all else being equal — when GOODN shares open for trading on 4/18/13. On an annualized basis, the current yield is approximately 6.93%, which compares to an average yield of 6.30% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, GOODN was trading at a 2.80% premium to its liquidation preference amount, versus the average premium of 4.72% in the "Real Estate" category. The chart below shows the one year performance of GOODN shares, versus GOOD:

Performance Comparison Chart

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 :

GOODN+Dividend+History+Chart

In Tuesday trading, Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock ( GOODN) is currently trading flat on the day, while the common shares ( GOOD) are up about 2.2%.

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