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Cash Dividend On The Way From Weingarten Realty Investors's Series F Cumulative Redeemable Preferred Shares

Stocks in this article: WRI

On 6/3/14, Weingarten Realty Investors's 6.50% Series F Cumulative Redeemable Preferred Shares (WRI.PRF) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 6/13/14. As a percentage of WRI.PRF's recent share price of $25.36, this dividend works out to approximately 1.60%, so look for shares of WRI.PRF to trade 1.60% lower — all else being equal — when WRI.PRF shares open for trading on 6/3/14. On an annualized basis, the current yield is approximately 6.40%, which compares to an average yield of 7.13% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, WRI.PRF was trading at a 1.56% premium to its liquidation preference amount, versus the average premium of 1.40% in the "Real Estate" category. The chart below shows the one year performance of WRI.PRF shares, versus WRI:

Performance Comparison Chart



Below is a dividend history chart for WRI.PRF, showing historical dividends prior to the most recent $0.4062 on Weingarten Realty Investors's 6.50% Series F Cumulative Redeemable Preferred Shares :

WRI.PRF+Dividend+History+Chart



According to the ETF Finder at ETF Channel, Weingarten Realty Investors (WRI) makes up 3.05% of the iShares Retail Real Estate Capped ETF (RTL) which is trading relatively unchanged on the day Friday.

In Friday trading, Weingarten Realty Investors's 6.50% Series F Cumulative Redeemable Preferred Shares (WRI.PRF) is currently down about 0.1% on the day, while the common shares (WRI) are up about 0.6%.

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