Cash Dividend On The Way From Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock

On 12/12/13, 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 12/31/13. As a percentage of GOODN's recent share price of $25.86, 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 12/12/13. On an annualized basis, the current yield is approximately 6.89%, which compares to an average yield of 7.75% 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 3.44% premium to its liquidation preference amount. 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 down about 0.6%.
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