Simon Property Group Series J Cumulative Redeemable Preferred Shares Cross 6% Yield Mark

In trading on Thursday, shares of Simon Property Group, Inc.'s 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE: SPG.PRJ) were yielding above the 6% mark based on its quarterly dividend (annualized to $4.1875), with shares changing hands as low as $68.01 on the day. This compares to an average yield of 6.10% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, SPG.PRJ was trading at a 41.80% premium to its liquidation preference amount...