Cash Dividend On The Way From Urstadt Biddle Properties Series K Cumulative Redeemable Preferred Stock

By Preferred Stock Channel Staff, Tuesday, January 11, 2:36 PM ET

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On 1/13/22, Urstadt Biddle Properties Inc's 5.875% Series K Cumulative Redeemable Preferred Stock (UBP.PRK) will trade ex-dividend, for its quarterly dividend of $0.3672, payable on 1/31/22. As a percentage of UBP.PRK's recent share price of $25.49, this dividend works out to approximately 1.44%, so look for shares of UBP.PRK to trade 1.44% lower — all else being equal — when UBP.PRK shares open for trading on 1/13/22. On an annualized basis, the current yield is approximately 5.76%, which compares to an average yield of 6.14% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

As of last close, UBP.PRK was trading at a 1.96% premium to its liquidation preference amount, versus the average premium of 3.96% in the "Real Estate" category. The chart below shows the one year performance of UBP.PRK shares, versus UBP:

Performance Comparison Chart

Below is a dividend history chart for UBP.PRK, showing historical dividends prior to the most recent $0.3672 on Urstadt Biddle Properties Inc's 5.875% Series K Cumulative Redeemable Preferred Stock:

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

In Tuesday trading, Urstadt Biddle Properties Inc's 5.875% Series K Cumulative Redeemable Preferred Stock (UBP.PRK) is currently off about 1.1% on the day, while the common shares (UBP) are up about 1.1%.

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Cash Dividend On The Way From Urstadt Biddle Properties Series K Cumulative Redeemable Preferred Stock

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