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from the world of economics and financeIn trading on Wednesday, shares of Agree Realty Corp.'s 4.250% Depositary Shares Series A Cumulative Preferred Stock (Symbol: ADC.PRA) were yielding above the 6% mark based on its monthly dividend (annualized to $1.0625), with shares changing hands as low as $17.67 on the day. This compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, ADC.PRA was trading at a 28.84% discount to its liquidation preference amount, versus the average discount of 12.33% in the "Real Estate" category.
Below is a dividend history chart for ADC.PRA, showing historical dividend payments on Agree Realty Corp.'s 4.250% Depositary Shares Series A Cumulative Preferred Stock:
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Agree Realty Corp.'s 4.250% Depositary Shares Series A Cumulative Preferred Stock (Symbol: ADC.PRA) is currently off about 0.5% on the day, while the common shares (Symbol: ADC) are up about 0.6%.
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