iStar Financial's Series F Preferred Stock Yield Pushes Past 10%

In trading on Thursday, shares of iStar Financial Inc's 7.8% Series F Cumulative Redeemable Preferred Stock (NYSE: SFI.PRF) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.95), with shares changing hands as low as $19.37 on the day. This compares to an average yield of 7.18% in the "REITs" preferred stock category, according to Preferred Stock Channel. As of last close, SFI.PRF was trading at a 20.00% discount to its liquidation preference amount, versus the av...