Dividends4Life: Monthly Payer, 7%-8% Yields

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Monthly Payer, 7%-8% Yields

Posted by D4L | Thursday, January 21, 2021 | | 0 comments »

Looking for dependable monthly high yield distributions? You may want to take a gander at this company. Its common stock yields 8.5%, and it has 2 preferred series with yields of 6.5% to 6.97%. All 3 pay monthly - the preferreds have 5X distribution coverage in 2020. Q1-3 Revenue rose 18%; FFO rose 13.5%; EBITDA rose 7.7%.

Gladstone Commercial (GOOD) is a real estate investment trust focused on acquiring, owning and operating net leased industrial and office properties across the US. As of September 30, 2020, Gladstone Commercial’s real estate portfolio consisted of 122 properties located in 28 states, totaling approximately 15 million square feet.

Source: Seeking Alpha

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