DigitalBridge Group's Series C Preferred Stock Shares Cross 12% Yield Mark
In trading on Wednesday, shares of DigitalBridge Group Inc's 7.125% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: DBRG.PRH) were yielding above the 12% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $14.40 on the day. This compares to an average yield of 8.15% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, DBRG.PRH was trading at a 39.80% discount to its liquidation preference amount, versus the average discount of 15.13% in the "Real Estate" category.
Below is a dividend history chart for DBRG.PRH, showing historical dividend payments on DigitalBridge Group Inc's 7.125% Series C Cumulative Redeemable Perpetual Preferred Stock :
In Wednesday trading, DigitalBridge Group Inc's 7.125% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: DBRG.PRH) is currently down about 0.9% on the day, while the common shares (Symbol: DBRG) are up about 0.2%.
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