In trading on Tuesday, shares of Global Net Lease Inc’s 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: GNL.PRD) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $23.23 on the day. This compares to an average yield of 8.47% in the “REITs” preferred stock category, according to Preferred Stock Channel. As of last close, GNL.PRD was trading at a 4.52% discount to its liquidation preference amount, versus the average discount of 17.32% in the “REITs” category.
Below is a dividend history chart for GNL.PRD, showing historical dividend payments on Global Net Lease Inc’s 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock:
In Tuesday trading, Global Net Lease Inc’s 7.50% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: GNL.PRD) is currently down about 0.1% on the day, while the common shares (Symbol: GNL) are up about 0.7%.
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