Gladstone Commercial Series C Cumulative Term Preferred Stock About To Put More Money In Your Pocket

On 8/19/13, 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 8/30/13. As a percentage of GOODN's recent share price of $25.61, 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 8/19/13. On an annualized basis, the current yield is approximately 6.94%, which compares to an av...