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Cash Dividend On The Way From Gladstone Commercial Series B Cumulative Redeemable Preferred Stock

On 12/16/15, Gladstone Commercial Corp's 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) will trade ex-dividend, for its monthly dividend of $0.1562, payable on 12/31/15. As a percentage of GOODO's recent share price of $25.12, this dividend works out to approximately 0.62%, so look for shares of GOODO to trade 0.62% lower - all else being equal - when GOODO shares open for trading on 12/16/15. On an annualized basis, the current yield is approximately 7.39%, which compares to an average yield of 7.28% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . 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 (Symbol: GOODO) is currently down about 1% on the day, while the common shares (Symbol: GOOD) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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