Ex-Div Reminder For Gladstone Commercial Corp's Series B Cumulative Redeemable Preferred Stock

On 10/18/13, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock ( GOODO) will trade ex-dividend, for its monthly dividend of $0.1562, payable on 10/31/13. As a percentage of GOODO's recent share price of $24.79, this dividend works out to approximately 0.63%, so look for shares of GOODO to trade 0.63% lower — all else being equal — when GOODO shares open for trading on 10/18/13. On an annualized basis, the current yield is approximately 7.54%, which compares to an average yield of 7.64% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, GOODO was trading at a 0.52% discount to its liquidation preference amount. The chart below shows the one year performance of GOODO shares, versus GOOD:

Performance Comparison Chart

Below is a dividend history chart for GOODO, showing historical dividends prior to the most recent $0.1562 on Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock:

GOODO+Dividend+History+Chart

In Wednesday trading, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock ( GOODO) is currently off about 0.3% on the day, while the common shares ( GOOD) are trading flat.
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