Sunstone Hotel Investors' Series H Preferred Stock Shares Cross 7% Yield MarkBy Preferred Stock Channel Staff, Thursday, March 28, 2:51 PM ETIn trading on Thursday, shares of Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (NYSE:SHO.PRH) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5313), with shares changing hands as low as $21.87 on the day. This compares to an average yield of 7.73% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SHO.PRH was trading at a 10.24% discount to its liquidation preference amount, versus the average discount of 12.96% in the "Real Estate" category. The chart below shows the one year performance of SHO.PRH shares, versus SHO:
Below is a dividend history chart for SHO.PRH, showing historical dividend payments on Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Thursday trading, Sunstone Hotel Investors Inc's 6.125% Series H Cumulative Preferred Stock (NYSE:SHO.PRH) is currently off about 2.5% on the day, while the common shares (NYSE:SHO) are off about 0.3%.
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