Supertel Hospitality's Series A Preferred Stock Shares Cross 9% Yield Mark

In trading on Monday, shares of Supertel Hospitality Inc's 8% Series A Convertible Preferred Stock ( SPPRP) were yielding above the 9% mark based on its monthly dividend (annualized to $0.80), with shares changing hands as low as $8.65 on the day. This compares to an average yield of 7.46% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, SPPRP was trading at a 7.40% discount to its liquidation preference amount, versus the average discount of 2.10% in the "REITs" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.77.

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The chart below shows the one year performance of SPPRP shares, versus SPPR:

Performance Comparison Chart

Below is a dividend history chart for SPPRP, showing historical dividend payments on Supertel Hospitality Inc's 8% Series A Convertible Preferred Stock :

SPPRP+Dividend+History+Chart

In Monday trading, Supertel Hospitality Inc's 8% Series A Convertible Preferred Stock ( SPPRP) is currently down about 4.6% on the day, while the common shares ( SPPR) are off about 2.9%.
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