On 7/17/13, Gladstone Commercial Corp’s 7.50% Series B Cumulative Redeemable Preferred Stock (NASD: GOODO) will trade ex-dividend, for its monthly dividend of $0.1562, payable on 7/31/13. As a percentage of GOODO’s recent share price of $25.26, 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 7/17/13. On an annualized basis, the current yield is approximately 7.42%, which compares to an average yield of 6.61% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
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Source: FULL ARTICLE at Forbes Markets