On 9/27/13, DDR Corp.'s 6.250% Class K Cumulative Redeemable Preferred Shares (DDR.PRK) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 10/15/13. As a percentage of DDR.PRK's recent share price of $21.50, this dividend works out to approximately 1.82%, so look for shares of DDR.PRK to trade 1.82% lower — all else being equal — when DDR.PRK shares open for trading on 9/27/13. On an annualized basis, the current yield is approximately 7.25%, which compares to an average yield of 7.50% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
DDR Corp.'s 6.250% Class K Cumulative Redeemable Preferred Shares Ex-Dividend Reminder - 9/27/13
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