On 11/27/13, iStar Financial Inc's 7.8% Series F Cumulative Redeemable Preferred Stock (SFI.PRF) will trade ex-dividend, for its quarterly dividend of $0.4875, payable on 12/16/13. As a percentage of SFI.PRF's recent share price of $23.15, this dividend works out to approximately 2.11%, so look for shares of SFI.PRF to trade 2.11% lower — all else being equal — when SFI.PRF shares open for trading on 11/27/13. On an annualized basis, the current yield is approximately 8.42%, which compares to an average yield of 7.47% in the "REITs" preferred stock category, according to Preferred Stock Channel.
As of last close, SFI.PRF was trading at a 7.32% discount to its liquidation preference amount. The chart below shows the one year performance of SFI.PRF shares, versus SFI:
Below is a dividend history chart for SFI.PRF, showing historical dividends prior to the most recent $0.4875 on iStar Financial Inc's 7.8% Series F Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, iStar Financial Inc (SFI) makes up 2.45% of the Mortgage REIT Income ETF (MORT) which is trading higher by about 0.7% on the day Monday.