One REIT IPO Without Much of a Yield
Hardly a week goes by these days without a company going public with a decent yield. A couple of weeks ago CyrusOne (NASDAQ: CONE ) joined the party with a highly successful IPO pricing above the expected range and trading higher for the week. The REIT though has a meager expected dividend yield of only 2.9%. The company is a spin-off data center operator from majority owner Cincinnati Bell (NYSE: CBB more » ) Disclosure: No positions mentioned. Please review the disclaimer page for more details.