On 3/27/14, Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock (EXL.PRB) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 4/15/14. As a percentage of EXL.PRB's recent share price of $26.20, this dividend works out to approximately 1.94%, so look for shares of EXL.PRB to trade 1.94% lower — all else being equal — when EXL.PRB shares open for trading on 3/27/14. On an annualized basis, the current yield is approximately 7.75%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Excel Trust's 8.125% Series B Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket
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