EPR Properties' Series E Preferred Shares Yield Pushes Past 8%

In trading on Wednesday, shares of EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares (Symbol: EPR.PRE) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.25), with shares changing hands as low as $28.10 on the day. This compares to an average yield of 7.98% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, EPR.PRE was trading at a 13.12% premium to its liquidation preference amount, versus the average discount of 14.40% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 0.4512.

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Below is a dividend history chart for EPR.PRE, showing historical dividend payments on EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares:

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In Wednesday trading, EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares (Symbol: EPR.PRE) is currently up about 0.3% on the day, while the common shares (Symbol: EPR) are up about 1.1%.

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