News

On 6/28/24, Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (Symbol: SRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 7/15/24. As a percentage of SRG.PRA's recent share price of $21.87, this dividend works out to approximately 2.00%, so look for shares of SRG.PRA to trade 2.00% lower — all else being equal — when SRG.PRA shares open for trading on 6/28/24. On an annualized basis, the current yield is approximately 8.33%, which compares to an average yield of 8.85% in the "REITs" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of SRG.PRA shares, versus SRG:

Below is a dividend history chart for SRG.PRA, showing historical dividends prior to the most recent $0.4375 on Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares :

In Wednesday trading, Seritage Growth Properties's 7.00% Series A Cumulative Redeemable Preferred Shares (Symbol: SRG.PRA) is currently up about 4.1% on the day, while the common shares (Symbol: SRG) are trading flat.

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