On 1/15/14, Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock (UBP.PRF) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 1/31/14. As a percentage of UBP.PRF's recent share price of $23.68, this dividend works out to approximately 1.88%, so look for shares of UBP.PRF to trade 1.88% lower — all else being equal — when UBP.PRF shares open for trading on 1/15/14. On an annualized basis, the current yield is approximately 7.54%, which compares to an average yield of 7.71% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Urstadt Biddle Properties's Series F Cumulative Redeemable Preferred Stock
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