On 12/27/13, Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock (EXL.PRB) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 1/15/14. As a percentage of EXL.PRB's recent share price of $25.73, this dividend works out to approximately 1.97%, so look for shares of EXL.PRB to trade 1.97% lower — all else being equal — when EXL.PRB shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 7.83%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Reminder: Excel Trust Series B Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts