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| Agree Realty's Series A Preferred Stock Shares Cross 6% Yield MarkBy Preferred Stock Channel Staff, Wednesday, April 3, 2:16 PM ET
In trading on Wednesday, shares of Agree Realty Corp.'s 4.250% Depositary Shares Series A Cumulative Preferred Stock (NYSE:ADC.PRA) were yielding above the 6% mark based on its monthly dividend (annualized to $1.0625), with shares changing hands as low as $17.70 on the day. This compares to an average yield of 7.80% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ADC.PRA was trading at a 28.92% discount to its liquidation preference amount, versus the average discount of 13.85% in the "Real Estate" category. The chart below shows the one year performance of ADC.PRA shares, versus ADC:
Below is a dividend history chart for ADC.PRA, showing historical dividend payments on Agree Realty Corp.'s 4.250% Depositary Shares Series A Cumulative Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday trading, Agree Realty Corp.'s 4.250% Depositary Shares Series A Cumulative Preferred Stock (NYSE:ADC.PRA) is currently up about 0.1% on the day, while the common shares (NYSE:ADC) are off about 0.8%.
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