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GOODO

20.23000 USD
0.02
0.10%
Last update Jul 15, 12:06 PM EDT
Post-market
Day range
20.15000
20.28000
Previous close
20.25
Open
20.15000
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Gladstone Commercial Corporation 6% Series G ...
20.23
0.02
0.10%

Overview

Description

Gladstone Commercial Corporation 6% Preferred Stock is a category of fixed-income security issued by Gladstone Commercial Corporation, a real estate investment trust (REIT) primarily focused on acquiring, owning, and managing office and industrial properties across the United States. The primary function of this preferred stock is to provide investors with a steady stream of income, delivering a fixed dividend yield of 6% annually. As preferred stock, it holds a higher claim on assets and earnings than common stock, typically resulting in dividends being distributed to preferred shareholders before any are paid to common stockholders. This makes it an appealing option for investors seeking more predictable income streams, particularly in sectors like real estate where cash flow is significant. Additionally, in the event of liquidation, preferred stockholders have a prior claim over common stockholders, although they rank behind debt holders. The issuance of preferred stock by Gladstone Commercial plays a strategic role by enabling the company to raise capital while maintaining a balance between debt and equity, thereby supporting the ongoing acquisition and operation of its property portfolio.

About

CEO
Employees
0
Address
Phone
Website
Instrument type
Preferred stock
Sector
Industry
Country
United States
MIC code
XNGS
Post-market

Exchange is currently open for post-market.
Post market session closes in 3 hours 36 minutes

16:24
00:00
09:30
16:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).