On 12/27/13, Alexandria Real Estate Equities, Inc.'s 6.45% Series E Cumulative Redeemable Preferred Stock (ARE.PRE) will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 1/15/14. As a percentage of ARE.PRE's recent share price of $21.69, this dividend works out to approximately 1.86%, so look for shares of ARE.PRE to trade 1.86% lower — all else being equal — when ARE.PRE shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 7.47%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, ARE.PRE was trading at a 13.64% discount to its liquidation preference amount. The chart below shows the one year performance of ARE.PRE shares, versus ARE:
Below is a dividend history chart for ARE.PRE, showing historical dividends prior to the most recent $0.4031 on Alexandria Real Estate Equities, Inc.'s 6.45% Series E Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Alexandria Real Estate Equities, Inc. (ARE) makes up 4.55% of the iShares Industrial/Office Real Estate Capped ETF (FNIO) which is trading relatively unchanged on the day Thursday.