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CBL & Associates Properties' Series D Preferred Stock Yield Pushes Past 7.5%

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Thursday, shares of CBL & Associates Properties Inc's 7.375% Series D Cumulative Redeemable Preferred Stock (Symbol: CBL.PRD) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.8438), with shares changing hands as low as $24.52 on the day. This compares to an average yield of 6.42% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, CBL.PRD was trading at a 1.20% discount to its liquidation preference amount, versus the average premium of 3.00% in the "Real Estate" category.

The chart below shows the one year performance of CBL.PRD shares, versus CBL:

Performance Comparison Chart

Below is a dividend history chart for CBL.PRD, showing historical dividend payments on CBL & Associates Properties Inc's 7.375% Series D Cumulative Redeemable Preferred Stock:

CBL.PRD+Dividend+History+Chart

In Thursday trading, CBL & Associates Properties Inc's 7.375% Series D Cumulative Redeemable Preferred Stock (Symbol: CBL.PRD) is currently down about 0.2% on the day, while the common shares (Symbol: CBL) are down 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.

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CBL CBL.PRD