CDR's Series C Preferred Stock Crosses Above 8% Yield Territory

CDR's 6.50% Series C cumulative redeemable preferred stock was yielding above 8%, based on its annualized dividend of $1.625, with shares trading as low as $20.10. The piece is a factual yield update with no new catalyst, guidance, or broader company event. Market impact is likely limited and primarily relevant to income-focused investors.