Global Net Lease's Series A Preferred Stock Crosses Above 8% Yield Territory

Global Net Lease’s 7.50% Series A preferred (GNL.PRD) was yielding above 8% based on a quarterly dividend annualized to $1.875. Shares traded down to as low as $23.40 during Thursday trading, indicating a market focus on the high income yield rather than any new fundamental catalyst.

Analysis

Global Net Lease’s 7.50% Series A preferred (GNL.PRD) was yielding above 8% based on a quarterly dividend annualized to $1.875. Shares traded down to as low as $23.40 during Thursday trading, indicating a market focus on the high income yield rather than any new fundamental catalyst.