Markets

DDR's Class J Preferred Shares Cross 6.5% Yield Mark

In trading on Friday, shares of DDR Corp's 6.50% Class J Cumulative Redeemable Preferred Shares (Symbol: DDR.PRJ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.95 on the day. This compares to an average yield of 6.09% in the "REITs" preferred stock category, according to Preferred Stock Channel . As of last close, DDR.PRJ was trading at a 0.20% premium to its liquidation preference amount, versus the average discount of 9.36% in the "REITs" category.

The chart below shows the one year performance of DDR.PRJ shares, versus DDR:

Performance Comparison Chart

Below is a dividend history chart for DDR.PRJ, showing historical dividend payments on DDR Corp's 6.50% Class J Cumulative Redeemable Preferred Shares :

DDR.PRJ+Dividend+History+Chart

In Friday trading, DDR Corp's 6.50% Class J Cumulative Redeemable Preferred Shares (Symbol: DDR.PRJ) is currently off about 0.2% on the day, while the common shares (Symbol: DDR) are up about 0.1%.

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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