On 4/11/14, Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A (CCI.PRA) will trade ex-dividend, for its quarterly dividend of $1.125, payable on 5/1/14. As a percentage of CCI.PRA's recent share price of $101.80, this dividend works out to approximately 1.11%, so look for shares of CCI.PRA to trade 1.11% lower — all else being equal — when CCI.PRA shares open for trading on 4/11/14. On an annualized basis, the current yield is approximately 4.42%, which compares to an average yield of 5.81% in the "Communications Services" preferred stock category, according to Preferred Stock Channel.
Reminder: Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A Goes Ex-Dividend Soon
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