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| Nexpoint Diversified Real Estate Trust's Series A Preferred Shares Cross 9% Yield MarkBy Preferred Stock Channel Staff, Wednesday, August 16, 2:52 PM ET
In trading on Wednesday, shares of Nexpoint Diversified Real Estate Trust's 5.50% Series A Preferred Shares (NYSE:NXDT.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $15.21 on the day. This compares to an average yield of 5.67% in the "ETFs & CEFs" preferred stock category, according to Preferred Stock Channel. As of last close, NXDT.PRA was trading at a 38.76% discount to its liquidation preference amount, versus the average discount of 10.38% in the "ETFs & CEFs" category. The chart below shows the one year performance of NXDT.PRA shares, versus NXDT:
Below is a dividend history chart for NXDT.PRA, showing historical dividend payments on Nexpoint Diversified Real Estate Trust's 5.50% Series A Preferred Shares:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Wednesday trading, Nexpoint Diversified Real Estate Trust's 5.50% Series A Preferred Shares (NYSE:NXDT.PRA) is currently off about 0.4% on the day, while the common shares (NYSE:NXDT) are off about 1.4%.
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