On 6/26/14, Colony Financial Inc.'s 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock (CLNY.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 7/15/14. As a percentage of CLNY.PRA's recent share price of $27.60, this dividend works out to approximately 1.92%, so look for shares of CLNY.PRA to trade 1.92% lower — all else being equal — when CLNY.PRA shares open for trading on 6/26/14. On an annualized basis, the current yield is approximately 7.71%, which compares to an average yield of 6.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Colony Financial Series A Cumulative Redeemable Perpetual Preferred Stock
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