On 3/31/14, Sun Communities, Inc.'s 7.125% Series A Cumulative Redeemable Preferred Stock (SUI.PRA) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 4/15/14. As a percentage of SUI.PRA's recent share price of $25.35, this dividend works out to approximately 1.76%, so look for shares of SUI.PRA to trade 1.76% lower — all else being equal — when SUI.PRA shares open for trading on 3/31/14. On an annualized basis, the current yield is approximately 7.02%, which compares to an average yield of 7.30% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Sun Communities Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon
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