On 3/24/14, Campus Crest Communities, Inc.'s 8.00% Series A Cumulative Redeemable Preferred Stock (CCG.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 4/15/14. As a percentage of CCG.PRA's recent share price of $25.54, this dividend works out to approximately 1.96%, so look for shares of CCG.PRA to trade 1.96% lower — all else being equal — when CCG.PRA shares open for trading on 3/24/14. On an annualized basis, the current yield is approximately 7.83%, which compares to an average yield of 7.39% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, CCG.PRA was trading at a 2.28% premium to its liquidation preference amount. The chart below shows the one year performance of CCG.PRA shares, versus CCG:
Below is a dividend history chart for CCG.PRA, showing historical dividends prior to the most recent $0.50 on Campus Crest Communities, Inc.'s 8.00% Series A Cumulative Redeemable Preferred Stock :
In Thursday trading, Campus Crest Communities, Inc.'s 8.00% Series A Cumulative Redeemable Preferred Stock (CCG.PRA) is currently down about 0.1% on the day, while the common shares (CCG) are up about 0.3%.