Investors Real Estate's Series B Preferred Shares Cross 8% Yield Mark

In trading on Wednesday, shares of Investors Real Estate Trust's 7.95% Series B Cumulative Redeemable Preferred Shares (IRET.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9875), with shares changing hands as low as $24.56 on the day. This compares to an average yield of 7.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, IRET.PRB was trading at a 0.68% premium to its liquidation preference amount, versus the average premium of 2.30% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for IRET.PRB, showing historical dividend payments on Investors Real Estate Trust's 7.95% Series B Cumulative Redeemable Preferred Shares :

IRET.PRB+Dividend+History+Chart

In Wednesday trading, Investors Real Estate Trust's 7.95% Series B Cumulative Redeemable Preferred Shares ( IRET.PRB) is currently up about 0.3% on the day, while the common shares ( IRET) are up about 1.3%.

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