Cedar Realty Trust Declares Dividends On Common And Preferred Stock

Rhea-AI Summary

Cedar Realty Trust, Inc. (NYSE: CDR) announced a cash dividend of $0.066 per share on Common Stock, payable on August 20, 2021, to shareholders of record by August 10, 2021. Additionally, the Board approved a dividend of $0.453125 per share on 7¼% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share on 6½% Series C Cumulative Redeemable Preferred Stock, both payable on the same date with the same record date. Cedar Realty Trust focuses on grocery-anchored shopping centers in urban markets from Washington, D.C. to Boston.

Positive

• Consistent dividend payments reflect company stability and commitment to shareholders.
• The approved cash dividends provide direct income to shareholders.

Negative

• None.

MASSAPEQUA, N.Y., July 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 August 20, 2021 to shareholders of record as of the close of business on August 10, 2021.

The Company announced that the Board has approved payment of a cash dividend of $0.453125 per share on the Company's 7¼% Series B Cumulative Redeemable Preferred Stock payable on August 20, 2021 to shareholders of record as of the close of business on August 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 6½% Series C Cumulative Redeemable Preferred Stock payable on August 20, 2021 to shareholders of record as of the close of business on August 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 53 properties, with approximately 7.6 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's common stock?

Cedar Realty Trust declared a dividend of $0.066 per share on its common stock.

When will Cedar Realty Trust pay dividends?

The dividends will be paid on August 20, 2021.

What is the record date for Cedar Realty Trust's dividend payment?

The record date for the dividend payment is August 10, 2021.

Is there a dividend on Cedar Realty Trust's preferred stock?

Yes, the company declared dividends of $0.453125 on Series B Preferred Stock and $0.40625 on Series C Preferred Stock.

How often does Cedar Realty Trust pay dividends?

Cedar Realty Trust typically pays dividends quarterly, but the specific frequency can vary.