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Taubman Centers' Series J Preferred Stock Shares Cross 6.5% Yield Mark

In trading on Friday, shares of Taubman Centers Inc's 6.500% Series J Cumulative Redeemable Preferred Stock (Symbol: TCO.PRJ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.94 on the day. This compares to an average yield of 7.01% in the "REITs" preferred stock category, according to Preferred Stock Channel . As of last close, TCO.PRJ was trading at a 1.80% premium to its liquidation preference amount, versus the average discount of 17.92% in the "REITs" category.

The chart below shows the one year performance of TCO.PRJ shares, versus TCO:

Performance Comparison Chart

Below is a dividend history chart for TCO.PRJ, showing historical dividend payments on Taubman Centers Inc's 6.500% Series J Cumulative Redeemable Preferred Stock :

TCO.PRJ+Dividend+History+Chart

In Friday trading, Taubman Centers Inc's 6.500% Series J Cumulative Redeemable Preferred Stock (Symbol: TCO.PRJ) is currently off about 0.8% on the day, while the common shares (Symbol: TCO) are off about 2.5%.

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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