Prepare for a financial windfall, shareholders of Gladstone Commercial Corp! On February 20th, 2024, Gladstone Commercial Corp’s 7.50% Series B Cumulative Redeemable Preferred Stock (GOODO) is set to trade ex-dividend for its monthly dividend of $0.125. The payment date is scheduled for February 29th, 2024. As a percentage of GOODO’s recent share price of $19.35, this dividend equates to around 0.65%. Therefore, anticipate GOODO shares to trade 0.65% lower—everything else being equal—when trading commences on the ex-dividend date. On an annualized basis, the current yield is approximately 7.78%, slightly below the average yield of 7.82% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
For investors seeking to navigate the labyrinth of dividends and yields, a historical perspective clarifies the picture. The following chart illustrates the one-year performance of GOODO shares, vis-à-vis good:
Delving deeper into the annals of dividend history, here is a chart detailing the historical dividends leading up to the most recent $0.125 on Gladstone Commercial Corp’s 7.50% Series B Cumulative Redeemable Preferred Stock:
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On Friday’s trading session, Gladstone Commercial Corp’s 7.50% Series B Cumulative Redeemable Preferred Stock (GOODO) surged by approximately 0.3%, whereas the common shares (GOOD) experienced a minor dip of about 0.6%.
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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.
