On 3/27/14, Colony Financial Inc.'s 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock (CLNY.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 4/15/14. As a percentage of CLNY.PRA's recent share price of $26.51, this dividend works out to approximately 2.00%, so look for shares of CLNY.PRA to trade 2.00% lower — all else being equal — when CLNY.PRA shares open for trading on 3/27/14. On an annualized basis, the current yield is approximately 8.03%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Colony Financial Series A Cumulative Redeemable Perpetual Preferred Stock
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