City Office REIT's Series A Preferred Stock Shares Cross 6.5% Yield Mark

By Preferred Stock Channel Staff, Monday, January 10, 2:18 PM ET

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In trading on Monday, shares of City Office REIT Inc's 6.625% Series A Cumulative Redeemable Preferred Stock (NYSE:CIO.PRA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $25.02 on the day. This compares to an average yield of 6.13% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, CIO.PRA was trading at a 2.64% premium to its liquidation preference amount, versus the average premium of 4.07% in the "Real Estate" category.

The chart below shows the one year performance of CIO.PRA shares, versus CIO:

Performance Comparison Chart

Below is a dividend history chart for CIO.PRA, showing historical dividend payments on City Office REIT Inc's 6.625% Series A Cumulative Redeemable Preferred Stock:

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In Monday trading, City Office REIT Inc's 6.625% Series A Cumulative Redeemable Preferred Stock (NYSE:CIO.PRA) is currently down about 0.3% on the day, while the common shares (NYSE:CIO) are off about 2%.

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City Office REIT's Series A Preferred Stock Shares Cross 6.5% Yield Mark

City Office REIT's Series A Preferred Stock Shares Cross 6.5% Yield Mark | www.PreferredStockChannel.com