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Duke Realty's Series L Preferred Shares Yield Pushes Past 7%

Posted
2/12/2014 2:13:00 PM
By: BNK Invest
Referenced Stocks:DRE.PRL;DRE

In trading on Wednesday, shares of Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share (Symbol: DRE.PRL) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.65), with shares changing hands as low as $23.52 on the day. This compares to an average yield of 7.57% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, DRE.PRL was trading at a 4.44% discount to its liquidation preference amount, versus the average discount of 3.95% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for DRE.PRL, showing historical dividend payments on Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share:

DRE.PRL+Dividend+History+Chart

In Wednesday trading, Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share (Symbol: DRE.PRL) is currently up about 0.3% on the day, while the common shares (Symbol: DRE) are up about 0.1%.

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