In trading on Wednesday, shares of CBL & Associates Properties, Inc.'s 6.625% Series E Cumulative Redeemable Preferred Stock (CBL.PRE) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $21.75 on the day. This compares to an average yield of 7.74% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CBL.PRE was trading at a 10.48% discount to its liquidation preference amount, versus the average discount of 5.85% in the "Real Estate" category.The chart below shows the one year performance of CBL.PRE shares, versus CBL:
CBL & Associates Properties' Series E Preferred Stock Shares Cross 7.5% Yield Mark
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