On 6/18/14, Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares (RPT.PRD) will trade ex-dividend, for its quarterly dividend of $0.9062, payable on 7/1/14. As a percentage of RPT.PRD's recent share price of $62.34, this dividend works out to approximately 1.45%, so look for shares of RPT.PRD to trade 1.45% lower — all else being equal — when RPT.PRD shares open for trading on 6/18/14. On an annualized basis, the current yield is approximately 5.91%, which compares to an average yield of 6.85% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ramco-Gershenson Properties Trust's Series D Cumulative Convertible Perpetual Preferred Shares Ex-Dividend Reminder
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