On 11/18/13, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (KRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 12/1/13. As a percentage of KRG.PRA's recent share price of $25.77, this dividend works out to approximately 2.00%, so look for shares of KRG.PRA to trade 2.00% lower — all else being equal — when KRG.PRA shares open for trading on 11/18/13. On an annualized basis, the current yield is approximately 8.02%, which compares to an average yield of 7.66% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares About To Put More Money In Your Pocket
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