On 6/17/14, Retail Properties of America, Inc's 7.00% Series A Cumulative Redeemable Preferred Stock (RPAI.PRA) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 6/30/14. As a percentage of RPAI.PRA's recent share price of $25.83, this dividend works out to approximately 1.69%, so look for shares of RPAI.PRA to trade 1.69% lower — all else being equal — when RPAI.PRA shares open for trading on 6/17/14. On an annualized basis, the current yield is approximately 6.86%.
As of last close, RPAI.PRA was trading at a 2.16% premium to its liquidation preference amount, versus the average premium of 0.44% in the "Real Estate" category. The chart below shows the one year performance of RPAI.PRA shares, versus RPAI:
Below is a dividend history chart for RPAI.PRA, showing historical dividends prior to the most recent $0.4375 on Retail Properties of America, Inc's 7.00% Series A Cumulative Redeemable Preferred Stock:
In Friday trading, Retail Properties of America, Inc's 7.00% Series A Cumulative Redeemable Preferred Stock (RPAI.PRA) is currently up about 1.1% on the day, while the common shares (RPAI) are down about 1.1%.