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Crown Castle International's Preferred Stock, Series A Shares Cross 6.5% Yield Mark

In trading on Tuesday, shares of Crown Castle International Corp's 6.875% Mandatory Convertible Preferred Stock, Series A (Symbol: CCI.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $68.75), with shares changing hands as low as $1046.42 on the day. This compares to an average yield of 6.80% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, CCI.PRA was trading at a 4160.00% premium to its liquidation preference amount, versus the average premium of 28.08% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for CCI.PRA, showing historical dividend payments on Crown Castle International Corp's 6.875% Mandatory Convertible Preferred Stock, Series A:

CCI.PRA+Dividend+History+Chart

In Tuesday trading, Crown Castle International Corp's 6.875% Mandatory Convertible Preferred Stock, Series A (Symbol: CCI.PRA) is currently off about 1.4% on the day, while the common shares (Symbol: CCI) are off about 0.9%.

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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