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.
Reminder: IStar Financial Series F Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon
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