iStar Inc. Series G 7.65% Cumulative Redeemable Preferred Shares Cross 8% Performance Threshold

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IIn Friday’s trading, iStar Inc’s 7.65% Cumulative Redeemable Preferred Share Series G (ticker: STAR.PRG) was selling above the 8% mark based on its quarterly dividend ( annualized at $1.9125), with shares changing hands as low as $23.52. day. That compares to an average return of 7.29% in the Real Estate preferred stock category, according to Preferred Stock Channel. At last close, STAR.PRG was trading at a 0.60% discount to its preferred liquidation amount, compared to an average discount of 8.80% in the “Real Estate” category.

Below is a historical dividend chart for STAR.PRG, showing historical dividend payments on iStar Inc. Series G 7.65% Cumulative Redeemable Preferred Shares:

STAR.PRG+Dividend+Historical+Chart


Free report: Top 7%+ Dividends (paid monthly)

On Friday, iStar Inc’s 7.65% Series G Cumulative Redeemable Preferred Shares (symbol: STAR.PRG) are currently down about 1% on the day, while common shares (symbol: STAR) are up about 2.1%.

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