Gladstone Commercial's Series C Preferred Stock Yield Pushes Past 7%

In trading on Monday, shares of Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock ( GOODN) were yielding above the 7% mark based on its monthly dividend (annualized to $1.7812), with shares changing hands as low as $25.31 on the day. This compares to an average yield of 7.08% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, GOODN was trading at a 2.24% premium to its liquidation preference amount, versus the average premium of 2.26% in the "Real Estate" category.

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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 dividend payments on Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock :

GOODN+Dividend+History+Chart

In Monday trading, Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock ( GOODN) is currently up about 0.1% on the day, while the common shares ( GOOD) are up about 0.1%.

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