CBL & Associates Properties' Series E Preferred Stock Crosses Above 9.5% Yield Territory

In trading on Friday, shares of CBL & Associates Properties Inc's 6.625% Series E Cumulative Redeemable Preferred Stock (CBL.PRE) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $15.44 on the day. This compares to an average yield of 6.97% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CBL.PRE was trading at a 27.32% discount to its liquidation preference amount, versus the average discount of 0.62% in the "Real Estate" category.

The chart below shows the one year performance of CBL.PRE shares, versus CBL:

Performance Comparison Chart

Below is a dividend history chart for CBL.PRE, showing historical dividend payments on CBL & Associates Properties Inc's 6.625% Series E Cumulative Redeemable Preferred Stock:

CBL.PRE+Dividend+History+Chart

In Friday trading, CBL & Associates Properties Inc's 6.625% Series E Cumulative Redeemable Preferred Stock ( CBL.PRE) is currently off about 15% on the day, while the common shares ( CBL) are down about 17.3%.

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