Artis Real Estate Investment Trust's Preferred Units, Series C Crosses Above 6% Yield Territory

Artis Real Estate Investment Trust's Preferred Units, Series C Crosses Above 6% Yield Territory

In trading on Friday, shares of Artis Real Estate Investment Trust’s Preferred Units, Series C (TSX: AX-PRE.TO ) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $19.75 on the day. As of last close, AX.PRE was trading at a 20.20% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of AX.PRE shares, versus AX.UN: Performance Comparison Chart
Below is a dividend history chart for AX.PRE, showing historical dividend payments on Artis Real Estate Investment Trust’s Preferred Units, Series C: AX.PRE+Dividend+History+Chart In Friday trading, Artis Real Estate Investment Trust’s Preferred Units, Series C (TSX: AX-PRE.TO ) is currently off about 1% on the day, while the common shares (TSX: AX-UN.TO ) are off about 0.5%.

Click here to find out which 9 other Canadian dividend stocks just recently went ”on sale” and crossed into new yield territory »

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