Markets

WP Glimcher's Series I Preferred Shares Yield Pushes Past 6.5%

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Shutterstock photo

Shutterstock photo

In trading on Monday, shares of WP Glimcher Inc's 6.875% Series I Cumulative Redeemable Preferred Shares (Symbol: WPG.PRI) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $26.08 on the day. This compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, WPG.PRI was trading at a 6.12% premium to its liquidation preference amount, versus the average premium of 3.44% in the "Real Estate" category.

The chart below shows the one year performance of WPG.PRI shares, versus WPG:

Performance Comparison Chart

Below is a dividend history chart for WPG.PRI, showing historical dividend payments on WP Glimcher Inc's 6.875% Series I Cumulative Redeemable Preferred Shares:

WPG.PRI+Dividend+History+Chart

In Monday trading, WP Glimcher Inc's 6.875% Series I Cumulative Redeemable Preferred Shares (Symbol: WPG.PRI) is currently off about 1.4% on the day, while the common shares (Symbol: WPG) are up about 0.2%.

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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