Gladstone Commercial's Series A Preferred Stock Shares Cross 7.5% Yield Mark

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:

Performance Comparison Chart

Below is a dividend history chart for GOODP, showing historical dividend payments on Gladstone Commercial Corp's 7.75% Series A Cumulative Redeemable Preferred Stock:

GOODP+Dividend+History+Chart

In Wednesday trading, Gladstone Commercial Corp's 7.75% Series A Cumulative Redeemable Preferred Stock ( GOODP) is currently down about 2.8% on the day, while the common shares ( GOOD) are off about 3.9%.

If you liked this article you might like

10 Ideas for Generating Monthly Dividends

10 Ideas for Generating Monthly Dividends

What To Sell: 3 Sell-Rated Dividend Stocks AJX, GOOD, RAS

What To Sell: 3 Sell-Rated Dividend Stocks AJX, GOOD, RAS

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FLC, HIO, GOOD

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: FLC, HIO, GOOD

What To Sell: 3 Sell-Rated Dividend Stocks AMTG, EARN, GOOD

What To Sell: 3 Sell-Rated Dividend Stocks AMTG, EARN, GOOD

Insider Trading Alert - NTGR, PAYX And GOOD Traded By Insiders

Insider Trading Alert - NTGR, PAYX And GOOD Traded By Insiders