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:
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 :
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%.