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.
As of last close, KRG.PRA was trading at a 3.00% premium to its liquidation preference amount. The chart below shows the one year performance of KRG.PRA shares, versus KRG:
Below is a dividend history chart for KRG.PRA, showing historical dividends prior to the most recent $0.5156 on Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares:
According to the ETF Finder at ETF Channel, Kite Realty Group Trust (KRG) makes up 2.04% of the KBW Premium Yield Equity REIT Portfolio ETF (KBWY) which is trading higher by about 0.3% on the day Tuesday.