LXP Industrial Trust’s LXP.PRC preferred shares were trading with a dividend yield above 7% based on a quarterly dividend annualized to $3.25. Shares changed hands as low as $44.87 during Monday trading, indicating relatively high income yield versus typical preferred levels. The update appears largely price/valuation-focused with no new company fundamentals cited.
LXP Industrial Trust’s LXP.PRC preferred shares were trading with a dividend yield above 7% based on a quarterly dividend annualized to $3.25. Shares changed hands as low as $44.87 during Monday trading, indicating relatively high income yield versus typical preferred levels. The update appears largely price/valuation-focused with no new company fundamentals cited.
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neutral
Sentiment Score
0.05
