NexPoint Real Estate Finance's Series A Preferred Stock Shares Cross 9% Yield Mark

In trading on Monday, shares of NexPoint Real Estate Finance Inc's 8.50% Series A Cumulative Preferred Stock (Symbol: NREF.PRA) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.125), with shares changing hands as low as $23.58 on the day. This compares to an average yield of 8.26% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, NREF.PRA was trading at a 4.16% discount to its liquidation preference amount, versus the average discount of 16.37% in the "Real Estate" category.

Below is a dividend history chart for NREF.PRA, showing historical dividend payments on NexPoint Real Estate Finance Inc's 8.50% Series A Cumulative Preferred Stock: Never miss the next high-yield opportunity: Preferred Stock Alerts sends timely, actionable picks on income-producing preferred stocks and baby bonds, straight to your inbox.

In Monday trading, NexPoint Real Estate Finance Inc's 8.50% Series A Cumulative Preferred Stock (Symbol: NREF.PRA) is currently off about 0.9% on the day, while the common shares (Symbol: NREF) are up about 1.2%.

Click here to find out the 50 highest yielding preferreds »

Also see: • Stock DMA
• LAVA Videos
• Preferred Crosses Below Par

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.