Reminder: IStar Financial Series F Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 11/27/13, iStar Financial Inc's 7.8% Series F Cumulative Redeemable Preferred Stock (SFI.PRF) will trade ex-dividend, for its quarterly dividend of $0.4875, payable on 12/16/13. As a percentage of SFI.PRF's recent share price of $23.15, this dividend works out to approximately 2.11%, so look for shares of SFI.PRF to trade 2.11% lower — all else being equal — when SFI.PRF shares open for trading on 11/27/13. On an annualized basis, the current yield is approximately 8.42%, which compares to an average yield of 7.47% in the "REITs" preferred stock category, according to Preferred Stock Channel.

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As of last close, SFI.PRF was trading at a 7.32% discount to its liquidation preference amount.The chart below shows the one year performance of SFI.PRF shares, versus SFI:

Performance Comparison Chart

Below is a dividend history chart for SFI.PRF, showing historical dividends prior to the most recent $0.4875 on iStar Financial Inc's 7.8% Series F Cumulative Redeemable Preferred Stock:

SFI.PRF+Dividend+History+Chart

According to the ETF Finder at ETF Channel, iStar Financial Inc ( SFI) makes up 2.45% of the Mortgage REIT Income ETF (MORT) which is trading higher by about 0.7% on the day Monday.

In Monday trading, iStar Financial Inc's 7.8% Series F Cumulative Redeemable Preferred Stock ( SFI.PRF) is currently off about 0.1% on the day, while the common shares ( SFI) are up about 1.2%.

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