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.
As of last close, CLNY.PRA was trading at a 10.24% premium to its liquidation preference amount, versus the average premium of 1.15% in the "Real Estate" category. The chart below shows the one year performance of CLNY.PRA shares, versus CLNY:
Below is a dividend history chart for CLNY.PRA, showing historical dividends prior to the most recent $0.5312 on Colony Financial Inc.'s 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock :
According to the ETF Finder at ETF Channel, Colony Financial Inc. (CLNY) makes up 4.16% of the Mortgage REIT Income ETF (MORT) which is trading relatively unchanged on the day Tuesday.