Simon Property Group's Series J Preferred Stock Shares Cross 7% Yield Mark

By Preferred Stock Channel Staff, Monday, November 21, 2:26 PM ET

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In trading on Monday, shares of Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE:SPG.PRJ) were yielding above the 7% mark based on its quarterly dividend (annualized to $4.1875), with shares changing hands as low as $59.50 on the day. This compares to an average yield of 7.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SPG.PRJ was trading at a 22.42% premium to its liquidation preference amount, versus the average discount of 17.40% in the "Real Estate" category.

The chart below shows the one year performance of SPG.PRJ shares, versus SPG:

Performance Comparison Chart

Below is a dividend history chart for SPG.PRJ, showing historical dividend payments on Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock:

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In Monday trading, Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE:SPG.PRJ) is currently down about 2.8% on the day, while the common shares (NYSE:SPG) are off about 0.7%.

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Simon Property Group's Series J Preferred Stock Shares Cross 7% Yield Mark

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