Global Net Lease’s Series A Preferred Stock Shares Cross 7% Yield Mark


In trading on Thursday, shares of Global Net Lease Inc’s 7.25% Series A Cumulative Redeemable Preferred Stock (Symbol: GNL.PRA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $25.58 on the day. This compares to an average yield of 6.14% in the “Real Estate” preferred stock category, according to Preferred Stock Channel. As of last close, GNL.PRA was trading at a 4.60% premium to its liquidation preference amount, versus the average premium of 3.89% in the “Real Estate” category.

Below is a dividend history chart for GNL.PRA, showing historical dividend payments on Global Net Lease Inc’s 7.25% Series A Cumulative Redeemable Preferred Stock:

GNL.PRA+Dividend+History+Chart

In Thursday trading, Global Net Lease Inc’s 7.25% Series A Cumulative Redeemable Preferred Stock (Symbol: GNL.PRA) is currently up about 0.3% on the day, while the common shares (Symbol: GNL) are up about 0.6%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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