On 2/19/14, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (KRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 3/1/14. As a percentage of KRG.PRA's recent share price of $25.70, this dividend works out to approximately 2.01%, so look for shares of KRG.PRA to trade 2.01% lower — all else being equal — when KRG.PRA shares open for trading on 2/19/14. On an annualized basis, the current yield is approximately 8.01%, which compares to an average yield of 7.52% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Reminder: Kite Realty Group Trust's Series A Cumulative Redeemable Perpetual Preferred Shares Goes Ex-Dividend Soon
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