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Spirit Realty Capital Series A Cumulative Redeemable Preferred Stock Ex-Dividend Reminder

By Preferred Stock Channel Staff, Tuesday, December 12, 1:39 PM ET

On 12/14/23, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (SRC.PRA) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 12/29/23. As a percentage of SRC.PRA's recent share price of $23.70, this dividend works out to approximately 1.58%, so look for shares of SRC.PRA to trade 1.58% lower — all else being equal — when SRC.PRA shares open for trading on 12/14/23. On an annualized basis, the current yield is approximately 6.30%, which compares to an average yield of 8.17% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

As of last close, SRC.PRA was trading at a 4.80% discount to its liquidation preference amount. The chart below shows the one year performance of SRC.PRA shares, versus SRC:

Performance Comparison Chart

Below is a dividend history chart for SRC.PRA, showing historical dividends prior to the most recent $0.375 on Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock :

Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, Spirit Realty Capital Inc's 6.000% Series A Cumulative Redeemable Preferred Stock (SRC.PRA) is currently off about 0.4% on the day, while the common shares (NYSE:SRC) are up about 0.1%.

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