iStar's Series I Preferred Stock Shares Cross 7.5% Yield Mark

By Preferred Stock Channel Staff, Friday, February 26, 2:14 PM ET

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In trading on Friday, shares of iStar Inc's 7.50% Series I Cumulative Redeemable Preferred Stock (STAR.PRI) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $24.88 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, STAR.PRI was trading at a 1.40% premium 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 STAR.PRI shares, versus STAR:

Below is a dividend history chart for STAR.PRI, showing historical dividend payments on iStar Inc's 7.50% Series I Cumulative Redeemable Preferred Stock:

Free Report: Top 7%+ Dividends (paid monthly)

In Friday trading, iStar Inc's 7.50% Series I Cumulative Redeemable Preferred Stock (STAR.PRI) is currently up about 1.1% on the day, while the common shares (STAR) are up about 2.6%.

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iStar's Series I Preferred Stock Shares Cross 7.5% Yield Mark

iStar's Series I Preferred Stock Shares Cross 7.5% Yield Mark | www.PreferredStockChannel.com