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

In trading on Friday, shares of Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock ( EXL.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.0312), with shares changing hands as low as $25.30 on the day. This compares to an average yield of 7.84% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, EXL.PRB was trading at a 4.00% premium to its liquidation preference amount, versus the average discount of 7.07% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for EXL.PRB, showing historical dividend payments on Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock :

EXL.PRB+Dividend+History+Chart

In Friday trading, Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock ( EXL.PRB) is currently off about 0.8% on the day, while the common shares ( EXL) are up about 0.8%.

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