CorEnergy Infrastructure Trust's Series A Preferred Stock Crosses Above 10% Yield TerritoryBy Preferred Stock Channel Staff, Friday, February 26, 2:09 PM ETIn trading on Friday, shares of CorEnergy Infrastructure Trust's 7.375% Series A Cumulative Redeemable Preferred Stock (CORR.PRA) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.8438), with shares changing hands as low as $18.05 on the day. This compares to an average yield of 6.40% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CORR.PRA was trading at a 24.80% discount to its liquidation preference amount, versus the average discount of 0.59% in the "Real Estate" category. The chart below shows the one year performance of CORR.PRA shares, versus CORR:
Below is a dividend history chart for CORR.PRA, showing historical dividend payments on CorEnergy Infrastructure Trust's 7.375% Series A Cumulative Redeemable Preferred Stock:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Friday trading, CorEnergy Infrastructure Trust's 7.375% Series A Cumulative Redeemable Preferred Stock (CORR.PRA) is currently off about 3.4% on the day, while the common shares (NYSE:CORR) are off about 7.2%.
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