On 12/30/13, Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock (ESS.PRH) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 1/15/14. As a percentage of ESS.PRH's recent share price of $25.94, this dividend works out to approximately 1.72%, so look for shares of ESS.PRH to trade 1.72% lower — all else being equal — when ESS.PRH shares open for trading on 12/30/13. On an annualized basis, the current yield is approximately 6.87%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Essex Property Trust Series H Cumulative Redeemable Preferred Stock
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