On 6/27/14, Sun Communities, Inc.'s 7.125% Series A Cumulative Redeemable Preferred Stock (SUI.PRA) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 7/15/14. As a percentage of SUI.PRA's recent share price of $25.50, this dividend works out to approximately 1.75%, so look for shares of SUI.PRA to trade 1.75% lower — all else being equal — when SUI.PRA shares open for trading on 6/27/14. On an annualized basis, the current yield is approximately 6.98%, which compares to an average yield of 6.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Sun Communities Series A Cumulative Redeemable Preferred Stock
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