Strategic Hotels & Resorts' Series B Preferred Stock Shares Cross 8.5% Yield Mark

In trading on Friday, shares of Strategic Hotels & Resorts, Inc.'s 8.25% Series B Cumulative Redeemable Preferred Stock (BEE.PRB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.0625), with shares changing hands as low as $24.19 on the day. This compares to an average yield of 8.55% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, BEE.PRB was trading at a 2.80% discount to its liquidation preference amount, versus the average discount of 5.65% in the "REITs" category.

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

Performance Comparison Chart

Below is a dividend history chart for BEE.PRB, showing historical dividend payments on Strategic Hotels & Resorts, Inc.'s 8.25% Series B Cumulative Redeemable Preferred Stock :

BEE.PRB+Dividend+History+Chart

In Friday trading, Strategic Hotels & Resorts, Inc.'s 8.25% Series B Cumulative Redeemable Preferred Stock ( BEE.PRB) is currently down about 0.3% on the day, while the common shares ( BEE) are off about 0.3%.

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