In trading on Thursday, shares of Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock (Symbol: SPG.PRJ) were yielding above the 6% mark based on its quarterly dividend (annualized to $4.1875), with shares changing hands as low as $69.04 on the day. This compares to an average yield of 7.28% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, SPG.PRJ was trading at a 43.50% premium to its liquidation preference amount, versus the average premium of 23.24% in the "Real Estate" category.
Below is a dividend history chart for SPG.PRJ, showing historical dividend payments on Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock:
In Thursday trading, Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock (Symbol: SPG.PRJ) is currently off about 1.7% on the day, while the common shares (Symbol: SPG) are down about 0.6%.
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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.
