Cedar Realty Trust Declares Dividends on Preferred Stock

Rhea-AI Summary

Cedar Realty Trust (NYSE:CDRpB, CDRpC) has declared dividends on its preferred stock. 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 are payable on August 20, 2024, to shareholders of record as of August 9, 2024. This announcement demonstrates Cedar Realty Trust's commitment to providing returns to its preferred stockholders and maintaining its dividend schedule.

Positive

• Consistent dividend payments for preferred stockholders
• Maintaining scheduled dividend distributions despite market conditions

Negative

• None.

VIRGINIA BEACH, VA / ACCESSWIRE / July 22, 2024 / Cedar Realty Trust, Inc. (NYSE:CDRpB, CDRpC) 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 August 20, 2024 to shareholders of record as of the close of business on August 9, 2024.

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 August 20, 2024 to shareholders of record as of the close of business on August 9, 2024.

Contact

Investor Relations: (757) 627-9088

About Cedar Realty Trust, Inc.

Cedar Realty Trust, Inc., a wholly owned subsidiary of Wheeler Real Estate Investment Trust, Inc., is a real estate investment trust which 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 18 properties, with approximately 2.7 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.

SOURCE: Cedar Realty Trust, Inc.

View the original press release on accesswire.com

FAQ

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

Cedar Realty Trust declared a dividend of $0.453125 per share on its 7.25% Series B Cumulative Redeemable Preferred Stock (CDRpB).

When is the payment date for Cedar Realty Trust's preferred stock dividends?

The payment date for both Series B and Series C preferred stock dividends is August 20, 2024.

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

The record date for both Series B and Series C preferred stock dividends is August 9, 2024.

How much is the dividend for Cedar Realty Trust's Series C Preferred Stock (CDRpC)?

Cedar Realty Trust declared a dividend of $0.40625 per share on its 6.50% Series C Cumulative Redeemable Preferred Stock (CDRpC).