On 6/27/13, LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares ( LHO.PRI) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 7/15/13. As a percentage of LHO.PRI's recent share price of $23.26, this dividend works out to approximately 1.71%, so look for shares of LHO.PRI to trade 1.71% lower — all else being equal — when LHO.PRI shares open for trading on 6/27/13. On an annualized basis, the current yield is approximately 6.93%, which compares to an average yield of 6.66% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, LHO.PRI was trading at a 8.00% discount to its liquidation preference amount, versus the average discount of 0.65% in the "Real Estate" category. The chart below shows the one year performance of LHO.PRI shares, versus LHO: Below is a dividend history chart for LHO.PRI, showing historical dividends prior to the most recent $0.3984 on LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares: According to the ETF Finder at ETF Channel, LaSalle Hotel Properties ( LHO) makes up 1.89% of the S&P SmallCap Financials Portfolio ETF (PSCF) which is trading relatively unchanged on the day Tuesday. In Tuesday trading, LaSalle Hotel Properties's 6.375% Series I Cumulative Redeemable Preferred Shares ( LHO.PRI) is currently up about 1.1% on the day, while the common shares ( LHO) are trading flat.