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Featured MNV Articles: | Ex-Div Reminder for Landmark Infrastructure Partners LP's Series A Cumulative Redeemable Perpetual Preferred UnitsBy Preferred Stock Channel Staff, Monday, March 29, 1:34 PM ET
On 3/31/21, Landmark Infrastructure Partners LP's Series A Cumulative Redeemable Perpetual Preferred Units (LMRKP) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 4/15/21. As a percentage of LMRKP's recent share price of $25.70, this dividend works out to approximately 1.95%, so look for shares of LMRKP to trade 1.95% lower — all else being equal — when LMRKP shares open for trading on 3/31/21. On an annualized basis, the current yield is approximately 7.63%, which compares to an average yield of 6.48% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, LMRKP was trading at a 4.80% premium to its liquidation preference amount, versus the average premium of 3.08% in the "Real Estate" category. The chart below shows the one year performance of LMRKP shares, versus LMRK:
Below is a dividend history chart for LMRKP, showing historical dividends prior to the most recent $0.50 on Landmark Infrastructure Partners LP's Series A Cumulative Redeemable Perpetual Preferred Units: Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Monday trading, Landmark Infrastructure Partners LP's Series A Cumulative Redeemable Perpetual Preferred Units (LMRKP) is currently off about 1.9% on the day, while the common shares (LMRK) are off about 0.4%.
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