VEREIT Inc's 6.70% Series F Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 3/31/21, VEREIT Inc's 6.70% Series F Cumulative Redeemable Preferred Stock (Symbol: VER.PRF) will trade ex-dividend, for its monthly dividend of $0.1396, payable on 4/15/21. As a percentage of VER.PRF's recent share price of $25.41, this dividend works out to approximately 0.55%, so look for shares of VER.PRF to trade 0.55% lower — all else being equal — when VER.PRF shares open for trading on 3/31/21. On an annualized basis, the current yield is approximately 6.59%, which compares to an average yield of 4.81% in the "REITs" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of VER.PRF shares, versus VER:

Performance Comparison Chart

Below is a dividend history chart for VER.PRF, showing historical dividends prior to the most recent $0.1396 on VEREIT Inc's 6.70% Series F Cumulative Redeemable Preferred Stock:

VER.PRF+Dividend+History+Chart

In Monday trading, VEREIT Inc's 6.70% Series F Cumulative Redeemable Preferred Stock (Symbol: VER.PRF) is currently trading flat on the day, while the common shares (Symbol: VER) are up about 0.3%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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