Cedar Realty Trust Declares Dividends On Common And Preferred Stock

Rhea-AI Summary

Cedar Realty Trust, Inc. (NYSE: CDR) has announced a cash dividend of $0.066 per share for its Common Stock, scheduled for payment on May 20, 2021, to shareholders of record by May 10, 2021. Additionally, the company will pay $0.453125 for its Series B Preferred Stock and $0.40625 for its Series C Preferred Stock, also payable on May 20, 2021, to the same record date. Cedar Realty Trust specializes in grocery-anchored shopping centers and manages a portfolio of 54 properties covering approximately 8.1 million square feet.

Positive

• Cash dividend of $0.066 per share for Common Stock enhances shareholder returns.
• Preferred stock dividends of $0.453125 and $0.40625 reinforce financial stability.

Negative

• None.

PORT WASHINGTON, N.Y., April 20, 2021 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) announced today that its Board of Directors has formally approved the payment of a cash dividend of $0.066 per share on the Company's Common Stock, payable on May 20, 2021 to shareholders of record as of the close of business on May 10, 2021.

The Company announced that the Board has approved payment of a cash dividend of $0.453125 per share on the Company's 7 ¼% Series B Cumulative Redeemable Preferred Stock payable on May 20, 2021 to shareholders of record as of the close of business on May 10, 2021.

The Company also announced that the Board has approved payment of a cash dividend of $0.40625 per share on the Company's 6 ½% Series C Cumulative Redeemable Preferred Stock payable on May 20, 2021 to shareholders of record as of the close of business on May 10, 2021.

About Cedar Realty Trust
Cedar Realty Trust, Inc. is a fully-integrated real estate investment trust which focuses on the ownership, operation and redevelopment of grocery-anchored shopping centers in high-density urban markets from Washington, D.C. to Boston. The Company's portfolio (excluding properties treated as "held for sale") comprises 54 properties, with approximately 8.1 million square feet of gross leasable area.

For additional financial and descriptive information on the Company, its operations and its portfolio, please refer to the Company's website at www.cedarrealtytrust.com.

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SOURCE Cedar Realty Trust, Inc.

FAQ

What is the dividend amount for Cedar Realty Trust (CDR) Common Stock?

Cedar Realty Trust (CDR) has declared a dividend of $0.066 per share for its Common Stock.

When will the dividends for CDR be paid?

The dividends for Cedar Realty Trust will be paid on May 20, 2021.

What is the record date for the CDR dividend?

The record date for the CDR dividend is May 10, 2021.

What are the dividends for Cedar Realty Trust preferred stocks?

The Series B Preferred Stock dividend is $0.453125 and the Series C Preferred Stock dividend is $0.40625.