Gladstone Commercial Series B Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 6/17/15, 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 6/30/15. As a percentage of GOODO's recent share price of $25.50, this dividend works out to approximately 0.61%, so look for shares of GOODO to trade 0.61% lower — all else being equal — when GOODO shares open for trading on 6/17/15. On an annualized basis, the current yield is approximately 7.35%, which compares to an average yield of 7.06% 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 2.00% premium to its liquidation preference amount, versus the average premium of 2.42% in the "Real Estate" category. 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 Monday trading, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock ( GOODO) is currently trading flat on the day, while the common shares ( GOOD) are trading flat.

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