Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares About To Put More Money In Your Pocket

On 11/18/13, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares ( KRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 12/1/13. As a percentage of KRG.PRA's recent share price of $25.77, this dividend works out to approximately 2.00%, so look for shares of KRG.PRA to trade 2.00% lower — all else being equal — when KRG.PRA shares open for trading on 11/18/13. On an annualized basis, the current yield is approximately 8.02%, which compares to an average yield of 7.66% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, KRG.PRA was trading at a 2.88% premium to its liquidation preference amount. The chart below shows the one year performance of KRG.PRA shares, versus KRG:

Performance Comparison Chart

Below is a dividend history chart for KRG.PRA, showing historical dividends prior to the most recent $0.5156 on Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares:

KRG.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Kite Realty Group Trust ( KRG) makes up 2.21% of the KBW Premium Yield Equity REIT Portfolio ETF (KBWY) which is trading higher by about 1% on the day Thursday.

In Thursday trading, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares ( KRG.PRA) is currently up about 0.2% on the day, while the common shares ( KRG) are up about 2.3%.

null

If you liked this article you might like

Three Stocks That Have My Attention

Three Stocks That Have My Attention

These 2 Overlooked Commercial REITs Are Jam-Packed With Potential

These 2 Overlooked Commercial REITs Are Jam-Packed With Potential

Here's a Look at the REITs With Exposure to the Hurricane-Threatened Southeast

Here's a Look at the REITs With Exposure to the Hurricane-Threatened Southeast

Kite Realty Group (KRG) Strong On High Relative Volume Today

Kite Realty Group (KRG) Strong On High Relative Volume Today