Artis Real Estate Investment Trust's Preferred Units, Series C Shares Cross 8% Yield MarkBy Preferred Stock Channel Staff, Thursday, October 12, 2:31 PM ETIn trading on Thursday, shares of Artis Real Estate Investment Trust's Preferred Units, Series C (TSE:AX.PRE.CA) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.368), with shares changing hands as low as $17.05 on the day. As of last close, AX.PRE.CA was trading at a 31.48% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible. The chart below shows the one year performance of AX.PRE.CA shares, versus AX.UN.CA:
Below is a dividend history chart for AX.PRE.CA, showing historical dividend payments on Artis Real Estate Investment Trust's Preferred Units, Series C:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Thursday trading, Artis Real Estate Investment Trust's Preferred Units, Series C (TSE:AX.PRE.CA) is currently down about 0.5% on the day, while the common shares (TSE:AX.UN.CA) are down about 3.8%.
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