On 3/28/14, Apartment Investment & Management Co.'s 7.00% Class Z Cumulative Preferred Stock (AIV.PRZ) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 4/15/14. As a percentage of AIV.PRZ's recent share price of $25.32, this dividend works out to approximately 1.73%, so look for shares of AIV.PRZ to trade 1.73% lower — all else being equal — when AIV.PRZ shares open for trading on 3/28/14. On an annualized basis, the current yield is approximately 6.92%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Apartment Investment & Management Class Z Cumulative Preferred Stock
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