On 8/18/14, Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock (NASD: GOODN) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 8/29/14. As a percentage of GOODN's recent share price of $25.83, 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 8/18/14. On an annualized basis, the current yield is approximately 6.89%, which compares to an average yield of 6.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, GOODN was trading at a 3.40% premium to its liquidation preference amount, versus the average premium of 1.52% in the "Real Estate" category.
The chart below shows the one year performance of GOODN shares, versus GOOD:
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 :
In Thursday trading, Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock (NASD: GOODN) is currently off about 0.1% on the day, while the common shares (NASD: GOOD) are up about 0.7%.
