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Global Net Lease's Series B Preferred Stock Crosses Above 8% Yield Territory
Source: Nasdaq
Capital Returns (Dividends / Buybacks)Housing & Real EstateMarket Technicals & Flows
Global Net Lease's 6.875% Series B cumulative redeemable perpetual preferred shares (GNL.PRB) yielded more than 8% based on an annualized quarterly dividend of $1.7188. The preferred stock traded as low as $21.28 during Friday's session, below its $25 liquidation preference, elevating its indicated yield.
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