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.
Cash Dividend On The Way From Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share
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