On 12/17/13, Retail Properties of America, Inc's 7.00% Series A Cumulative Redeemable Preferred Stock (RPAI.PRA) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 12/31/13. As a percentage of RPAI.PRA's recent share price of $22.29, this dividend works out to approximately 1.96%, so look for shares of RPAI.PRA to trade 1.96% lower — all else being equal — when RPAI.PRA shares open for trading on 12/17/13. On an annualized basis, the current yield is approximately 7.91%, which compares to an average yield of 7.84% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, RPAI.PRA was trading at a 11.40% discount to its liquidation preference amount. The chart below shows the one year performance of RPAI.PRA shares, versus RPAI:
Below is a dividend history chart for RPAI.PRA, showing historical dividends prior to the most recent $0.4375 on Retail Properties of America, Inc's 7.00% Series A Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Retail Properties of America, Inc (RPAI) makes up 2.36% of the iShares Retail Real Estate Capped ETF (RTL) which is trading higher by about 0.8% on the day Friday.