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Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares Goes Ex-Dividend Soon

On 12/28/18, Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (Symbol: SRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 1/14/19. As a percentage of SRG.PRA's recent share price of $21.00, this dividend works out to approximately 2.08%, so look for shares of SRG.PRA to trade 2.08% lower - all else being equal - when SRG.PRA shares open for trading on 12/28/18. On an annualized basis, the current yield is approximately 8.37%, which compares to an average yield of 7.73% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SRG.PRA shares, versus SRG:

Performance Comparison Chart

Below is a dividend history chart for SRG.PRA, showing historical dividends prior to the most recent $0.4375 on Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares :

SRG.PRA+Dividend+History+Chart

In Wednesday trading, Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (Symbol: SRG.PRA) is currently up about 0.4% on the day, while the common shares (Symbol: SRG) are up about 4.4%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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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