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Plymouth Industrial REIT Series A Cumulative Redeemable Preferred Stock Crosses Above 7.5% Yield Territory


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In trading on Thursday, shares of Plymouth Industrial REIT Inc's 7.50% Series A Cumulative Redeemable Preferred Stock (Symbol: PLYM.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $24.56 on the day. This compares to an average yield of 6.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, PLYM.PRA was trading at a 0.80% premium to its liquidation preference amount, versus the average premium of 26.47% in the "Real Estate" category.

The chart below shows the one year performance of PLYM.PRA shares, versus PLYM:

Performance Comparison Chart

Below is a dividend history chart for PLYM.PRA, showing historical dividend payments on Plymouth Industrial REIT Inc's 7.50% Series A Cumulative Redeemable Preferred Stock:

PLYM.PRA+Dividend+History+Chart

In Thursday trading, Plymouth Industrial REIT Inc's 7.50% Series A Cumulative Redeemable Preferred Stock (Symbol: PLYM.PRA) is currently up about 0.3% on the day, while the common shares (Symbol: PLYM) are off about 0.6%.

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
Referenced Symbols: PLYM.PRA , PLYM



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