Financial report context:
amounts due from related parties at december a031 , 2010 and 2009 con- sisted of the following ( in thousands ) : .

Financial table:
2010: due from joint ventures; 2009: $ 1062; column_3: $ 228
2010: officers and employees; 2009: 2014; column_3: 153
2010: other; 2009: 5233; column_3: 8189
2010: related party receivables; 2009: $ 6295; column_3: $ 8570

Additional report context:
gramercy capital corp . see note a0 6 , 201cinvestment in unconsolidated joint ventures 2014gramercy capital corp. , 201d for disclosure on related party transactions between gramercy and the company . 13 2002equit y common stock our authorized capital stock consists of 260000000 shares , $ .01 par value , of which we have authorized the issuance of up to 160000000 shares of common stock , $ .01 par value per share , 75000000 shares of excess stock , $ .01 par value per share , and 25000000 shares of preferred stock , $ .01 par value per share . as of december a031 , 2010 , 78306702 shares of common stock and no shares of excess stock were issued and outstanding . in may 2009 , we sold 19550000 shares of our common stock at a gross price of $ 20.75 per share . the net proceeds from this offer- ing ( approximately $ 387.1 a0 million ) were primarily used to repurchase unsecured debt . perpetual preferred stock in january 2010 , we sold 5400000 shares of our series a0c preferred stock in an underwritten public offering . as a result of this offering , we have 11700000 shares of the series a0 c preferred stock outstanding . the shares of series a0c preferred stock have a liquidation preference of $ 25.00 per share and are redeemable at par , plus accrued and unpaid dividends , at any time at our option . the shares were priced at $ 23.53 per share including accrued dividends equating to a yield of 8.101% ( 8.101 % ) . we used the net offering proceeds of approximately $ 122.0 a0million for gen- eral corporate and/or working capital purposes , including purchases of the indebtedness of our subsidiaries and investment opportunities . in december 2003 , we sold 6300000 shares of our 7.625% ( 7.625 % ) series a0 c preferred stock , ( including the underwriters 2019 over-allotment option of 700000 shares ) with a mandatory liquidation preference of $ 25.00 per share . net proceeds from this offering ( approximately $ 152.0 a0 million ) were used principally to repay amounts outstanding under our secured and unsecured revolving credit facilities . the series a0c preferred stockholders receive annual dividends of $ 1.90625 per share paid on a quarterly basis and dividends are cumulative , subject to cer- tain provisions . since december a0 12 , 2008 , we have been entitled to redeem the series a0c preferred stock at par for cash at our option . the series a0c preferred stock was recorded net of underwriters discount and issuance costs . 12 2002related part y transactions cleaning/securit y/messenger and restoration services through al l iance bui lding services , or al l iance , first qual i t y maintenance , a0l.p. , or first quality , provides cleaning , extermination and related services , classic security a0llc provides security services , bright star couriers a0llc provides messenger services , and onyx restoration works provides restoration services with respect to certain proper- ties owned by us . alliance is partially owned by gary green , a son of stephen a0l . green , the chairman of our board of directors . in addition , first quality has the non-exclusive opportunity to provide cleaning and related services to individual tenants at our properties on a basis sepa- rately negotiated with any tenant seeking such additional services . the service corp . has entered into an arrangement with alliance whereby it will receive a profit participation above a certain threshold for services provided by alliance to certain tenants at certain buildings above the base services specified in their lease agreements . alliance paid the service corporation approximately $ 2.2 a0million , $ 1.8 a0million and $ 1.4 a0million for the years ended december a031 , 2010 , 2009 and 2008 , respectively . we paid alliance approximately $ 14.2 a0million , $ 14.9 a0million and $ 15.1 a0million for three years ended december a031 , 2010 , respectively , for these ser- vices ( excluding services provided directly to tenants ) . leases nancy peck and company leases 1003 square feet of space at 420 lexington avenue under a lease that ends in august 2015 . nancy peck and company is owned by nancy peck , the wife of stephen a0l . green . the rent due pursuant to the lease is $ 35516 per annum for year one increas- ing to $ 40000 in year seven . from february 2007 through december 2008 , nancy peck and company leased 507 square feet of space at 420 a0 lexington avenue pursuant to a lease which provided for annual rental payments of approximately $ 15210 . brokerage services cushman a0 & wakefield sonnenblick-goldman , a0 llc , or sonnenblick , a nationally recognized real estate investment banking firm , provided mortgage brokerage services to us . mr . a0 morton holliday , the father of mr . a0 marc holliday , was a managing director of sonnenblick at the time of the financings . in 2009 , we paid approximately $ 428000 to sonnenblick in connection with the purchase of a sub-leasehold interest and the refinancing of 420 lexington avenue . management fees s.l . green management corp. , a consolidated entity , receives property management fees from an entity in which stephen a0l . green owns an inter- est . the aggregate amount of fees paid to s.l . green management corp . from such entity was approximately $ 390700 in 2010 , $ 351700 in 2009 and $ 353500 in 2008 . notes to consolidated financial statements .

Question: for the shares of series c preferred stock priced at $ 23.53 per share , what was the yield in dollars including accrued dividends?
Answer: 1.91