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Colony Capital's Series I Preferred Stock Crosses Above 8% Yield Territory


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In trading on Tuesday, shares of Colony Capital Inc's 7.15% Series I Cumulative Redeemable Perpetual Preferred Stock (Symbol: CLNY.PRI) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.7875), with shares changing hands as low as $22.30 on the day. This compares to an average yield of 6.62% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, CLNY.PRI was trading at a 10.32% discount to its liquidation preference amount, versus the average premium of 36.81% in the "Real Estate" category.

Performance Comparison Chart

Below is a dividend history chart for CLNY.PRI, showing historical dividend payments on Colony Capital Inc's 7.15% Series I Cumulative Redeemable Perpetual Preferred Stock :

CLNY.PRI+Dividend+History+Chart

In Tuesday trading, Colony Capital Inc's 7.15% Series I Cumulative Redeemable Perpetual Preferred Stock (Symbol: CLNY.PRI) is currently up about 0.8% on the day, while the common shares (Symbol: CLNY) are up about 1.5%.

Click here to find out the 50 highest yielding preferreds »

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 , Stocks
Referenced Symbols: CLNY.PRI , CLNY



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