Global Net Lease's Series C Preferred Stock Yield Pushes Past 8%

The 7.375% Series C cumulative perpetual preferred of Global Net Lease (GNL.PRE) was yielding above 8% based on its quarterly dividend annualized to $1.8438. Shares traded as low as $22.96, a price level that pushed the yield north of 8%; this is a security-specific price/yield development with limited broader market implications.

Analysis

The 7.375% Series C cumulative perpetual preferred of Global Net Lease (GNL.PRE) was yielding above 8% based on its quarterly dividend annualized to $1.8438. Shares traded as low as $22.96, a price level that pushed the yield north of 8%; this is a security-specific price/yield development with limited broader market implications.