CDR Series C Preferred Stock Yield Surpasses 8% Following Price Decline

Apr 23, 2026 19:05 UTC

CDR.PRC

Short term

The yield on CDR's 6.50% Series C Cumulative Redeemable Preferred Stock has climbed above the 8% threshold. This movement follows a daily price decrease of approximately 2.3%.

Effective yield now exceeds 8%
Daily price decline of approximately 2.3%
Last trade price of $20.10
52-week range spans $14.42 to $22.11

CDR's Series C Cumulative Redeemable Preferred Stock (Symbol: CDR.PRC) experienced a price correction during Thursday's trading session, pushing its effective yield above the 8% mark. The security, which carries a fixed 6.50% coupon, saw its share price drop by roughly 2.3% in a single day, reflecting a shift in market valuation for this specific instrument. The stock last traded at $20.10 per share. This current valuation sits within its 52-week trading range, which has seen a low of $14.42 and a high of $22.11. The increase in yield is a direct mathematical result of the declining share price relative to the fixed dividend payment. While the price decline increases the attractive yield for new buyers entering the position, the movement remains isolated to the preferred share class. There is currently no indication that this price action signals broader systemic distress for the issuer or a shift in the company's overall credit profile.