On 3/18/14, Retail Properties of America, Inc's 7.00% Series A Cumulative Redeemable Preferred Stock (RPAI.PRA) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 3/31/14. As a percentage of RPAI.PRA's recent share price of $24.43, this dividend works out to approximately 1.79%, so look for shares of RPAI.PRA to trade 1.79% lower — all else being equal — when RPAI.PRA shares open for trading on 3/18/14. On an annualized basis, the current yield is approximately 7.16%, which compares to an average yield of 7.40% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Retail Properties of America Series A Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket
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