Global Net Lease Series A Preferred Shares Break 7% Yield Bar

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IDuring Tuesday’s trading, shares of Global Net Lease Inc. 7.25% Series A Redeemable Preferred Shares (ticker: GNL.PRA) were losing above the 7% mark based on its quarterly dividend (annualized at $ 1.8125), with stocks changing hands as low as $ 25.89 on the day. This compares to an average return of 6.12% in the “Real Estate” preferred share category, according to Favorite Stock Channel. At the last close, GNL.PRA was trading at a premium of 3.92% over the amount of its liquidation preference, against an average premium of 4.85% in the “Real Estate” category.

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

GNL.PRA + Dividend + History + Graph

In Tuesday’s trading, Global Net Lease Inc’s 7.25% Cumulative Series A Redeemable Preferred Shares (ticker: GNL.PRA) are currently down about 0.3% on that day, while Common shares (ticker: GNL) are down about 0.5%.

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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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