By Marc Lichtenfeld Washington Prime Group (NYSE: WPG) has an incredibly high 27% dividend yield. That’s because the stock sports a $0.25 per share quarterly dividend but just a $3.70 share price.
That’s an awfully high yield to continue to pay out. Can Washington Prime do it?
I covered this owner and operator of shopping malls in April. At the time, the stock received a “D” rating for dividend safety. However, looks can be deceiving.
At the time, the issue was that analysts expected funds from operations (FFO), which is a measure of cash flow for real estate investment trusts (REITs), to fall.
FFO not only was …read more
