DigitalBridge Group's Series C Preferred Stock Shares Cross 12% Yield Mark
In trading on Wednesday, shares of DigitalBridge Group Inc's 7.125% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: DBRG.PRH) were yielding above the 12% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $14.40
In trading on Wednesday, shares of DigitalBridge Group Inc's 7.125% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: DBRG.PRH) were yielding above the 12% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $14.40
BELLINGS Intelligence Score: 15
Why it matters
The rise of DigitalBridge Group's Series C preferred stock yield above 12% reflects market stress and repricing in preferred shares but is a routine market pricing development without broader systemic impact or novel structural implications.
Sources
Nasdaq
DigitalBridge Group's Series C Preferred Stock Shares Cross 12% Yield Mark
In trading on Wednesday, shares of DigitalBridge Group Inc's 7.125% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: DBRG.PRH) were yielding above the 12% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $14.40