Wheeler Real Estate shares surge 21.00% intraday after Cedar Realty Trust announces dividend returns, boosting investor confidence.

Wheeler Real Estate Investment Trust Inc. surged 21.00% intraday following the announcement of dividend returns for its Series B and C preferred stocks, which signaled financial stability and reinforced investor confidence. Cedar Realty Trust, a subsidiary, disclosed $0.453125 and $0.40625 per share dividends for Series B and C, respectively, alongside adjustments to tax treatments for 2025. These actions highlighted the company’s commitment to shareholder returns and underscored resilience in a volatile market. The move aligned with broader market optimism, as the stock’s 20.55% intraday gain mirrored the magnitude of the reported rally, suggesting direct linkage to the dividend news. While other developments, such as conversion price resets for Series D notes, were noted, the dividend-related announcements were the primary catalysts for the sharp intraday increase.