Sun Communities' Series A Preferred Stock Shares Cross 7% Yield Mark

In trading on Thursday, shares of Sun Communities, Inc.’s 7.125% Series A Cumulative Redeemable Preferred Stock (Symbol: SUI.PRA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $25.28 on the day. This compares to an average yield of 6.46% in the “Real Estate” preferred stock category, according to Preferred Stock Channel . As of last close, SUI.PRA was trading at a 2.56% premium to its liquidation preference amount, versus the average premium of 2.80% in the “Real Estate” category.

Performance Comparison Chart

Below is a dividend history chart for SUI.PRA, showing historical dividend payments on Sun Communities, Inc.’s 7.125% Series A Cumulative Redeemable Preferred Stock :

SUI.PRA+Dividend+History+Chart

In Thursday trading, Sun Communities, Inc.’s 7.125% Series A Cumulative Redeemable Preferred Stock (Symbol: SUI.PRA) is currently up about 0.4% on the day, while the common shares (Symbol: SUI) are up about 1.4%.

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