On 12/27/13, Sunstone Hotel Investors Inc's 8.0% Series D Cumulative Redeemable Preferred Stock (SHO.PRD) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/15/14. As a percentage of SHO.PRD's recent share price of $25.70, this dividend works out to approximately 1.95%, so look for shares of SHO.PRD to trade 1.95% lower — all else being equal — when SHO.PRD shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 7.77%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Sunstone Hotel Investors Series D Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket
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