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 $0.01 per share on common stock, payable on November 20, 2020, to shareholders of record as of the close of business on November 10, 2020. Additionally, the Board approved a dividend of $0.453125 per share for its 7 ¼% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share for its 6 ½% Series C Cumulative Redeemable Preferred Stock, both also payable on November 20, 2020. Cedar Realty Trust focuses on grocery-anchored shopping centers with a portfolio of 55 properties and approximately 8.3 million square feet of gross leasable area.

Positive

• Approval of cash dividends demonstrates confidence in financial stability.
• Dividends provide continuous income for shareholders.

Negative

• None.

PORT WASHINGTON, N.Y., Oct. 16, 2020 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) announced today that its Board of Directors has formally approved the payment of a cash dividend of $0.01 per share on the Company's Common Stock, payable on November 20, 2020 to shareholders of record as of the close of business on November 10, 2020.

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 November 20, 2020 to shareholders of record as of the close of business on November 10, 2020.

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 November 20, 2020 to shareholders of record as of the close of business on November 10, 2020.

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 55 properties, with approximately 8.3 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 announced a cash dividend of $0.01 per share on its common stock.

When will the dividends be paid for Cedar Realty Trust?

The dividends will be paid on November 20, 2020.

What are the record dates for Cedar Realty Trust's dividends?

The record date for the common stock dividend is November 10, 2020.

What dividends are announced for Cedar Realty Trust's preferred stock?

The dividends for preferred stock are $0.453125 for Series B and $0.40625 for Series C, payable on November 20, 2020.