Cedar Realty Trust's Series B Preferred Stock Crosses Above 7% Yield Territory

In trading on Tuesday, shares of Cedar Realty Trust, Inc.'s 7.25% Series B Cumulative Redeemable Preferred Stock (CDR.PRB) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $25.83 on the day. This compares to an average yield of 6.80% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CDR.PRB was trading at a 4.00% premium to its liquidation preference amount, versus the average premium of 1.73% 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 Tuesday trading, Cedar Realty Trust, Inc.'s 7.25% Series B Cumulative Redeemable Preferred Stock ( CDR.PRB) is currently up about 0.7% on the day, while the common shares ( CDR) are down about 0.6%.

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