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