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In trading on Thursday, shares of Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A (Symbol: CCI.PRA) were yielding above the 4% mark based on its quarterly dividend (annualized to $4.50), with shares changing hands as low as $111.93 on the day. This compares to an average yield of 6.79% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, CCI.PRA was trading at a 13.10% premium to its liquidation preference amount, versus the average premium of 4.34% in the "Real Estate" category. It should be noted that the preferred shares are convertible , with a conversion ratio of 1.0811 to 1.3513.
Below is a dividend history chart for CCI.PRA, showing historical dividend payments on Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A:
In Thursday trading, Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A (Symbol: CCI.PRA) is currently off about 0.9% on the day, while the common shares (Symbol: CCI) are down about 0.8%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
