On 10/18/13, Gladstone Commercial Corp's 7.125% Series C Cumulative Term Preferred Stock (NASD: GOODN) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 10/31/13. As a percentage of GOODN's recent share price of $25.60, this dividend works out to approximately 0.58%, so look for shares of GOODN to trade 0.58% lower ? all else being equal ? when GOODN shares open for trading on 10/18/13. On an annualized basis, the current yield is approximately 6.96%, which compares to an average yield of 7.64% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
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