Gladstone Commercial's Series A Preferred Stock Crosses Above 7.5% Yield Territory

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 $25.41 on the day. This compares to an average yield of 6.90% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, GOODP was trading at a 5.40% premium to its liquidation preference amount, versus the average premium of 2.21% 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 off about 0.2% on the day, while the common shares ( GOOD) are up about 0.1%.

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