On 2/12/14, Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share (DRE.PRK) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 2/28/14. As a percentage of DRE.PRK's recent share price of $23.85, this dividend works out to approximately 1.70%, so look for shares of DRE.PRK to trade 1.70% lower — all else being equal — when DRE.PRK shares open for trading on 2/12/14. On an annualized basis, the current yield is approximately 6.86%, which compares to an average yield of 7.60% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, DRE.PRK was trading at a 5.20% discount to its liquidation preference amount. The chart below shows the one year performance of DRE.PRK shares, versus DRE:
Below is a dividend history chart for DRE.PRK, showing historical dividends prior to the most recent $0.4062 on Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share:
According to the ETF Finder at ETF Channel, Duke Realty Corp. (DRE) makes up 4.62% of the iShares Industrial/Office Real Estate Capped ETF (FNIO) which is trading up by about 0.1% on the day Monday.