On 3/13/14, Taubman Centers, Inc.'s 6.500% Series J Cumulative Redeemable Preferred Stock (TCO.PRJ) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 3/31/14. As a percentage of TCO.PRJ's recent share price of $24.00, this dividend works out to approximately 1.69%, so look for shares of TCO.PRJ to trade 1.69% lower — all else being equal — when TCO.PRJ shares open for trading on 3/13/14. On an annualized basis, the current yield is approximately 6.77%, which compares to an average yield of 7.11% in the "REITs" preferred stock category, according to Preferred Stock Channel.
Taubman Centers Series J Cumulative Redeemable Preferred Stock Ex-Dividend Reminder
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