Gladstone Commercial's Series Preferred Stock Yield Pushes Past 7.5%

Gladstone Commercial's 7.125% Series C cumulative term preferred (GOODN) was yielding above 7.5% Wednesday based on a monthly dividend annualized to $1.6563 and an intraday low price of $21.98 (implying roughly a 7.5%+ yield). The issue carries a stated 7.125% coupon; the elevated yield reflects the lower market price and may attract income-focused investors seeking high-yield preferred exposure.

Analysis

Gladstone Commercial's 7.125% Series C cumulative term preferred (GOODN) was yielding above 7.5% Wednesday based on a monthly dividend annualized to $1.6563 and an intraday low price of $21.98 (implying roughly a 7.5%+ yield). The issue carries a stated 7.125% coupon; the elevated yield reflects the lower market price and may attract income-focused investors seeking high-yield preferred exposure.