In trading on Wednesday, shares of Apartment Investment & Management Co's 6.875% Class A Cumulative Preferred Stock (Symbol: AIV.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $25.88 on the day. This compares to an average yield of 6.95% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, AIV.PRA was trading at a 6.64% premium to its liquidation preference amount, versus the average premium of 29.35% in the "Real Estate" category.
The chart below shows the one year performance of AIV.PRA shares, versus AIV:
Below is a dividend history chart for AIV.PRA, showing historical dividend payments on Apartment Investment & Management Co's 6.875% Class A Cumulative Preferred Stock :
In Wednesday trading, Apartment Investment & Management Co's 6.875% Class A Cumulative Preferred Stock (Symbol: AIV.PRA) is currently off about 2.3% on the day, while the common shares (Symbol: AIV) are off about 0.8%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
