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| Seritage Growth Properties' Series A Preferred Shares Crosses Above 7.5% Yield TerritoryBy Preferred Stock Channel Staff, Friday, April 9, 2:33 PM ET
In trading on Friday, shares of Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (NYSE:SRG.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $23.20 on the day. This compares to an average yield of 4.67% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, SRG.PRA was trading at a 5.32% discount to its liquidation preference amount, versus the average discount of 10.06% in the "REITs" category. The chart below shows the one year performance of SRG.PRA shares, versus SRG:
Below is a dividend history chart for SRG.PRA, showing historical dividend payments on Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares :
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Friday trading, Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (NYSE:SRG.PRA) is currently down about 1.1% on the day, while the common shares (NYSE:SRG) are off about 2%.
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