On 5/13/14, Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share (DRE.PRK) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 5/30/14. As a percentage of DRE.PRK's recent share price of $24.97, this dividend works out to approximately 1.63%, so look for shares of DRE.PRK to trade 1.63% lower — all else being equal — when DRE.PRK shares open for trading on 5/13/14. On an annualized basis, the current yield is approximately 6.50%, which compares to an average yield of 7.13% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share
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