On 6/13/14, Regency Centers Corp.'s 6.000% Series 7 Cumulative Redeemable Preferred Stock (REG.PRG) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 6/30/14. As a percentage of REG.PRG's recent share price of $23.54, this dividend works out to approximately 1.59%, so look for shares of REG.PRG to trade 1.59% lower — all else being equal — when REG.PRG shares open for trading on 6/13/14. On an annualized basis, the current yield is approximately 6.39%, which compares to an average yield of 6.84% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, REG.PRG was trading at a 6.00% discount to its liquidation preference amount, versus the average premium of 0.70% in the "Real Estate" category. The chart below shows the one year performance of REG.PRG shares, versus REG:
Below is a dividend history chart for REG.PRG, showing historical dividends prior to the most recent $0.375 on Regency Centers Corp.'s 6.000% Series 7 Cumulative Redeemable Preferred Stock :