On 3/12/14, Weyerhaeuser Co.'s 6.375% Mandatory Convertible Preference Shares, Series A (WY.PRA) will trade ex-dividend, for its quarterly dividend of $0.7969, payable on 4/1/14. As a percentage of WY.PRA's recent share price of $54.84, this dividend works out to approximately 1.45%, so look for shares of WY.PRA to trade 1.45% lower — all else being equal — when WY.PRA shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 5.80%, which compares to an average yield of 7.41% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Weyerhaeuser Mandatory Convertible Preference Shares, Series A
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