STAG Industrial's Series B Preferred Stock Shares Cross 6.5% Yield Mark

In trading on Monday, shares of STAG Industrial Inc.'s 6.625% Series B Cumulative Redeemable Preferred Stock (NYSE: STAG.PRB) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $25.34 on the day. This compares to an average yield of 6.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, STAG.PRB was trading at a 3.20% premium to its liquidation preference amount, versus the average premium of 4.07% in the "Real Estate" category.

Click here to find out the 50 highest yielding preferreds, at PreferredStockChannel.com »

The chart below shows the one year performance of STAG.PRB shares, versus STAG:

Below is a dividend history chart for STAG.PRB, showing historical dividend payments on STAG Industrial Inc.'s 6.625% Series B Cumulative Redeemable Preferred Stock:

In Monday trading, STAG Industrial Inc.'s 6.625% Series B Cumulative Redeemable Preferred Stock (NYSE: STAG.PRB) is currently off about 0.8% on the day, while the common shares (NYSE: STAG) are up about 0.2%.