Simon Property Group's 8Series J Preferred Stock Shares Cross 6% Yield Mark

In trading on Monday, shares of Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE: SPG.PRJ) were yielding above the 6% mark based on its quarterly dividend (annualized to $4.1875), with shares changing hands as low as $69.11 on the day. This compares to an average yield of 7.12% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SPG.PRJ was trading at a 40.20% premium to its liquidation preference amount, versus the average premium of 1.51% in the "Real Estate" category.

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The chart below shows the one year performance of SPG.PRJ shares, versus SPG:

Below is a dividend history chart for SPG.PRJ, showing historical dividend payments on Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock:

In Monday trading, Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE: SPG.PRJ) is currently up about 2.6% on the day, while the common shares (NYSE: SPG) are trading flat.