CDR's Series B Preferred Stock Shares Cross 9.5% Yield Mark

CDR's 7.25% Series B Cumulative Redeemable Preferred Stock was yielding above 9.5% based on its $1.8125 annualized dividend, with shares trading as low as $19.06. The piece is primarily a factual yield update on the preferred stock and does not report any new corporate or market-moving event.

Analysis

CDR's 7.25% Series B Cumulative Redeemable Preferred Stock was yielding above 9.5% based on its $1.8125 annualized dividend, with shares trading as low as $19.06. The piece is primarily a factual yield update on the preferred stock and does not report any new corporate or market-moving event.