On 7/16/14, Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock (UBP.PRF) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 7/31/14. As a percentage of UBP.PRF's recent share price of $25.85, this dividend works out to approximately 1.72%, so look for shares of UBP.PRF to trade 1.72% lower — all else being equal — when UBP.PRF shares open for trading on 7/16/14. On an annualized basis, the current yield is approximately 6.93%, 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, UBP.PRF was trading at a 2.80% premium to its liquidation preference amount, versus the average premium of 1.59% in the "Real Estate" category. The chart below shows the one year performance of UBP.PRF shares, versus UBP:
Below is a dividend history chart for UBP.PRF, showing historical dividends prior to the most recent $0.4453 on Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock:
In Monday trading, Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock (UBP.PRF) is currently up about 0.6% on the day, while the common shares (UBP) are up about 1.1%.