In trading on Tuesday, shares of Urstadt Biddle Properties Inc's 7.5% Series D Senior Cumulative Preferred Stock (UBP.PRD) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $24.77 on the day. This compares to an average yield of 7.67% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, UBP.PRD was trading at a 0.80% premium to its liquidation preference amount, versus the average discount of 5.07% in the "Real Estate" category.The chart below shows the one year performance of UBP.PRD shares, versus UBP:
Urstadt Biddle's Series D Preferred Stock Shares Cross 7.5% Yield Mark
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