On 5/19/14, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (KRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 6/1/14. As a percentage of KRG.PRA's recent share price of $26.23, this dividend works out to approximately 1.97%, so look for shares of KRG.PRA to trade 1.97% lower — all else being equal — when KRG.PRA shares open for trading on 5/19/14. On an annualized basis, the current yield is approximately 7.89%, which compares to an average yield of 7.16% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Kite Realty Group Trust's Series A Cumulative Redeemable Perpetual Preferred Shares Goes Ex-Dividend Soon
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