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.
Regency Centers Series 7 Cumulative Redeemable Preferred Stock Ex-Dividend Reminder
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