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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.