On 12/27/13, Colony Financial Inc.'s 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock (CLNY.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 1/15/14. As a percentage of CLNY.PRA's recent share price of $25.30, this dividend works out to approximately 2.10%, so look for shares of CLNY.PRA to trade 2.10% lower — all else being equal — when CLNY.PRA shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 8.42%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Reminder: Colony Financial Series A Cumulative Redeemable Perpetual Preferred Stock Goes Ex-Dividend Soon
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