On 10/16/13, Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock (UBP.PRF) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 10/31/13. As a percentage of UBP.PRF's recent share price of $23.96, this dividend works out to approximately 1.86%, so look for shares of UBP.PRF to trade 1.86% lower — all else being equal — when UBP.PRF shares open for trading on 10/16/13. On an annualized basis, the current yield is approximately 7.43%, which compares to an average yield of 7.60% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Three Months Free, a $100 Value, Just Submit Your Top Stock Pick! (Offer ends 11/10/2013) In Monday trading, Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock (UBP.PRF) is currently trading flat on the day, while the common shares (UBP) are trading flat.