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Cash Dividend On The Way From Seritage Growth Properties Series A Cumulative Redeemable Preferred Shares


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On 3/28/19, Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (Symbol: SRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 4/15/19. As a percentage of SRG.PRA's recent share price of $24.85, this dividend works out to approximately 1.76%, so look for shares of SRG.PRA to trade 1.76% lower - all else being equal - when SRG.PRA shares open for trading on 3/28/19. On an annualized basis, the current yield is approximately 7.17%, which compares to an average yield of 6.98% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SRG.PRA shares, versus SRG:

Performance Comparison Chart

Below is a dividend history chart for SRG.PRA, showing historical dividends prior to the most recent $0.4375 on Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares :

SRG.PRA+Dividend+History+Chart

In Tuesday trading, Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (Symbol: SRG.PRA) is currently up about 1.8% on the day, while the common shares (Symbol: SRG) are up about 0.6%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: Investing , Investing Ideas
Referenced Symbols: SRG.PRA , SRG



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