CEDAR REALTY TRUST DECLARES DIVIDENDS ON PREFERRED STOCK

Rhea-AI Summary

Cedar Realty Trust (NYSE: CDR) has announced the approval of cash dividends for its preferred stock. Shareholders will receive $0.453125 per share on the 7¼% Series B Cumulative Redeemable Preferred Stock, payable on May 20, 2022, to those on record by the close of business on May 10, 2022. Additionally, a dividend of $0.40625 per share on the 6½% Series C Cumulative Redeemable Preferred Stock is also payable on the same date to shareholders of record. The company focuses on grocery-anchored shopping centers across major urban markets.

Positive

• Approval of $0.453125 cash dividend on Series B preferred stock, enhancing investor returns.
• Approval of $0.40625 cash dividend on Series C preferred stock, showing company confidence in financial stability.

Negative

• None.

MASSAPEQUA, N.Y., April 19, 2022 /PRNewswire/ -- Cedar Realty Trust, Inc. (NYSE: CDR) announced today that its Board of Directors has formally approved the payment of a cash dividend of $0.453125 per share on the Company's 7¼% Series B Cumulative Redeemable Preferred Stock payable on May 20, 2022 to shareholders of record as of the close of business on May 10, 2022.

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 May 20, 2022 to shareholders of record as of the close of business on May 10, 2022.

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 50 properties, with approximately 7.3 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.

View original content:https://www.prnewswire.com/news-releases/cedar-realty-trust-declares-dividends-on-preferred-stock-301528414.html

SOURCE Cedar Realty Trust, Inc.

FAQ

What is the dividend amount for Cedar Realty Trust's Series B preferred stock?

The dividend amount for Cedar Realty Trust's Series B preferred stock is $0.453125 per share.

When will Cedar Realty Trust pay dividends on its preferred stocks?

Cedar Realty Trust will pay dividends on its preferred stocks on May 20, 2022.

What is the record date for Cedar Realty Trust's preferred stock dividends?

The record date for Cedar Realty Trust's preferred stock dividends is May 10, 2022.

What is the dividend amount for Cedar Realty Trust's Series C preferred stock?

The dividend amount for Cedar Realty Trust's Series C preferred stock is $0.40625 per share.