On 12/27/13, SL Green Realty Corp.'s 6.50% Series I Cumulative Redeemable Preferred Stock (SLG.PRI) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 1/15/14. As a percentage of SLG.PRI's recent share price of $21.86, this dividend works out to approximately 1.86%, so look for shares of SLG.PRI to trade 1.86% lower — all else being equal — when SLG.PRI shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 7.42%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From SL Green Realty Series I Cumulative Redeemable Preferred Stock
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