In trading on Wednesday, shares of DigitalBridge Group Inc’s 7.125% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: DBRG.PRH) yielded above 12% based on a quarterly dividend annualized to $1.7812. During the day, shares traded as low as $14.40, significantly higher than the average yield of 8.15% in the real estate preferred stock category. Currently, DBRG.PRH is trading at a 39.80% discount to its liquidation preference amount, compared to an average discount of 15.13% in that sector.
As of the last close, DBRG.PRH was down about 0.9% for the day, while the common shares (Symbol: DBRG) increased by 0.2%.
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