On 5/16/24, Gladstone Commercial Corp’s 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) will trade ex-dividend, for its monthly dividend of $0.125, payable on 5/31/24. As a percentage of GOODO’s recent share price of $20.11, 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 5/16/24. On an annualized basis, the current yield is approximately 7.46%, which compares to an average yield of 7.97% 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:
Below is a dividend history chart for GOODO, showing historical dividends prior to the most recent $0.125 on Gladstone Commercial Corp’s 7.50% Series B Cumulative Redeemable Preferred Stock:
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In Tuesday trading, Gladstone Commercial Corp’s 7.50% Series B Cumulative Redeemable Preferred Stock (Symbol: GOODO) is currently up about 0.1% on the day, while the common shares (Symbol: GOOD) are up about 0.3%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
