On 9/27/13, Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock (ESS.PRH) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 10/15/13. As a percentage of ESS.PRH's recent share price of $25.53, this dividend works out to approximately 1.74%, so look for shares of ESS.PRH to trade 1.74% lower — all else being equal — when ESS.PRH shares open for trading on 9/27/13. On an annualized basis, the current yield is approximately 6.98%, which compares to an average yield of 7.50% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, ESS.PRH was trading at a 2.04% premium to its liquidation preference amount.The chart below shows the one year performance of ESS.PRH shares, versus ESS: Below is a dividend history chart for ESS.PRH, showing historical dividends prior to the most recent $0.4453 on Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock: According to the ETF Finder at ETF Channel, Essex Property Trust, Inc. ( ESS - Get Report) makes up 4.02% of the iShares Residential Real Estate Capped ETF (REZ) which is trading relatively unchanged on the day Wednesday. In Wednesday trading, Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock ( ESS.PRH) is currently up about 0.1% on the day, while the common shares ( ESS - Get Report) are up about 0.1%.
More from Stocks
Beyond Meat Investors Get Warning of Competitive Market From Wells Fargo
Investors are advised to wait for better visibility into the competitive nature of the market.
CrowdStrike Drops on Bearish Citi Initiation Due to Valuation Concerns
Citi initiates coverage of the stock with a sell rating despite noting the digital security company is one of the fastest growing security companies in history.