Cedar Realty Trust Declares Dividends on Preferred Stock

Rhea-AI Summary

Cedar Realty Trust has announced dividend payments for its preferred stock series. The company will pay $0.453125 per share on its 7.25% Series B Cumulative Redeemable Preferred Stock and $0.40625 per share on its 6.50% Series C Cumulative Redeemable Preferred Stock. Both dividends will be paid on February 20, 2025, to shareholders of record as of February 10, 2025.

Positive

• Consistent dividend payments maintained for preferred stockholders
• Timely declaration of dividends indicates financial stability

Negative

• None.

VIRGINIA BEACH, VA / ACCESS Newswire / January 30, 2025 / Cedar Realty Trust, Inc. (NYSE:CDRpB)(NYSE:CDRpC) (the "Company") announced today that its Board of Directors declared the payment of a cash dividend of $0.453125 per share on the Company's 7.25% Series B Cumulative Redeemable Preferred Stock, payable on February 20, 2025 to shareholders of record as of the close of business on February 10, 2025.

The Company also announced that the Board declared the payment of a cash dividend of $0.40625 per share on the Company's 6.50% Series C Cumulative Redeemable Preferred Stock, payable on February 20, 2025 to shareholders of record as of the close of business on February 10, 2025.

About Cedar Realty Trust, Inc.

Cedar Realty Trust, Inc., a wholly-owned subsidiary of Wheeler Real Estate Investment Trust, Inc., is a Maryland corporation (taxed as a real estate investment trust) that focuses on owning and operating income producing retail properties with a primary focus on grocery-anchored shopping centers in the Northeast. The Company's portfolio comprises 16 properties, with approximately 2.4 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.whlr.us.

Contact Information:

Cedar Realty Trust, Inc.
(757) 627-9088

SOURCE: Cedar Realty Trust, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the dividend amount for Cedar Realty Trust's Series B Preferred Stock (CDRPB) in February 2025?

Cedar Realty Trust will pay a dividend of $0.453125 per share on its Series B Preferred Stock, payable on February 20, 2025.

When is the record date for Cedar Realty Trust's preferred stock dividends in February 2025?

The record date for both Series B and Series C preferred stock dividends is February 10, 2025.

What is the dividend yield for Cedar Realty Trust's Series B Preferred Stock (CDRPB)?

The Series B Preferred Stock has a 7.25% dividend yield rate.

How much will Series C preferred stockholders receive in the February 2025 dividend?

Series C preferred stockholders will receive $0.40625 per share on February 20, 2025.