This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Reminder: Apollo Commercial Real Estate Finance Series A Cumulative Redeemable Perpetual Preferred Stock Goes Ex-Dividend Soon

On 12/27/13, Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock (ARI.PRA) will trade ex-dividend, for its quarterly dividend of $0.5391, payable on 1/15/14. As a percentage of ARI.PRA's recent share price of $25.11, this dividend works out to approximately 2.15%, so look for shares of ARI.PRA to trade 2.15% lower — all else being equal — when ARI.PRA shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 8.59%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, ARI.PRA was trading at a 0.44% premium to its liquidation preference amount. The chart below shows the one year performance of ARI.PRA shares, versus ARI:

Performance Comparison Chart



Below is a dividend history chart for ARI.PRA, showing historical dividends prior to the most recent $0.5391 on Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock :

ARI.PRA+Dividend+History+Chart



According to the ETF Finder at ETF Channel, Apollo Commercial Real Estate Finance Inc. (ARI) makes up 1.47% of the Mortgage REIT Income ETF (MORT) which is trading relatively unchanged on the day Thursday.

In Thursday trading, Apollo Commercial Real Estate Finance Inc.'s 8.625% Series A Cumulative Redeemable Perpetual Preferred Stock (ARI.PRA) is currently trading flat on the day, while the common shares (ARI) are down about 0.5%.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs