On 12/27/13, Hersha Hospitality Trust's 8.00% Series B Cumulative Redeemable Preferred Shares (HT.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/15/14. As a percentage of HT.PRB's recent share price of $25.87, this dividend works out to approximately 1.93%, so look for shares of HT.PRB to trade 1.93% lower — all else being equal — when HT.PRB shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 7.74%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Hersha Hospitality Trust's Series B Cumulative Redeemable Preferred Shares Ex-Dividend Reminder - 12/27/13
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