In trading on Friday, shares of Digital Realty Trust Inc’s 5.850% Series K Cumulative Redeemable Preferred Stock (Symbol: DLR.PRK) yielded over 7%, with shares priced as low as $20.82. The stock’s quarterly dividend is annualized to $1.4625, contrasting with the average yield of 8.27% in the “Real Estate” preferred stock category.
As of the last close, DLR.PRK was trading at a 16.08% discount to its liquidation preference, slightly better than the average discount of 16.32% in the same category. On the same day, DLR.PRK shares rose by approximately 1.4%, while the common shares (Symbol: DLR) fell by around 0.3%.
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