Cedar Realty Trust's Series B Preferred Stock Shares Cross 8% Yield Mark

In trading on Friday, shares of Cedar Realty Trust, Inc.'s 7.25% Series B Cumulative Redeemable Preferred Stock ( CDR.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $22.65 on the day. This compares to an average yield of 7.68% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CDR.PRB was trading at a 8.80% discount to its liquidation preference amount, versus the average discount of 5.16% in the "Real Estate" category.

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The chart below shows the one year performance of CDR.PRB shares, versus CDR:

Performance Comparison Chart

Below is a dividend history chart for CDR.PRB, showing historical dividend payments on Cedar Realty Trust, Inc.'s 7.25% Series B Cumulative Redeemable Preferred Stock :

CDR.PRB+Dividend+History+Chart

In Friday trading, Cedar Realty Trust, Inc.'s 7.25% Series B Cumulative Redeemable Preferred Stock ( CDR.PRB) is currently off about 0.2% on the day, while the common shares ( CDR) are off about 0.2%.
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