In the realm of finance on Wednesday, Agree Realty Corp. made ripples with its 4.250% Depositary Shares Series A Cumulative Preferred Stock (with the distinctive Symbol: ADC.PRA), capturing attention by crossing the 6% yield threshold. This feat was fueled by its monthly dividend, which, when annualized, amounts to $1.0625. During the recent trading session, the stock dipped to $17.70, fascinating investors with its enticing value. When stacked against the industry average of 7.80% in the domain of “Real Estate” preferred stocks, this achievement shines even more brightly.
A historical perspective reveals that ADC.PRA was trading at a substantial 28.92% markdown from its liquidation preference. This stands in stark contrast to the average discount of 13.85% observed within the “Real Estate” sector, sparking intrigue among seasoned investors and newcomers alike.
Delve deeper into the past with a glimpse at the dividend history bar chart for ADC.PRA, showcasing the ebb and flow of historical dividend disbursements on Agree Realty Corp.’s 4.250% Depositary Shares Series A Cumulative Preferred Stock:
Venturing into the current trading arena on Wednesday, Agree Realty Corp.’s 4.250% Depositary Shares Series A Cumulative Preferred Stock (identified by the Symbol: ADC.PRA) exhibited a modest uptick of about 0.1%. Conversely, common shares (Symbol: ADC) experienced a slight dip, retreating by approximately 0.8%.
Curious about the top 50 highest yielding preferred stocks? Click here to explore.
Further Insights:
- Our rundown of Consumer Goods Dividend Stock List
- Get up to speed with PRDO Videos
- Track the market cap history of NDLS
The insights shared are solely the thoughts and perspectives of the author, and not necessarily reflective of Nasdaq, Inc.’s viewpoints.
