On 6/12/14, Taubman Centers, Inc.'s 6.500% Series J Cumulative Redeemable Preferred Stock (TCO.PRJ) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 6/30/14. As a percentage of TCO.PRJ's recent share price of $24.73, this dividend works out to approximately 1.64%, so look for shares of TCO.PRJ to trade 1.64% lower — all else being equal — when TCO.PRJ shares open for trading on 6/12/14. On an annualized basis, the current yield is approximately 6.55%, which compares to an average yield of 6.83% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Taubman Centers Series J Cumulative Redeemable Preferred Stock
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