Reminder: Excel Trust Series B Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 12/27/13, Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock (EXL.PRB) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 1/15/14. As a percentage of EXL.PRB's recent share price of $25.73, this dividend works out to approximately 1.97%, so look for shares of EXL.PRB to trade 1.97% lower — all else being equal — when EXL.PRB shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 7.83%, which compares to an average yield of 7.82% 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, EXL.PRB was trading at a 3.80% premium to its liquidation preference amount.The chart below shows the one year performance of EXL.PRB shares, versus EXL:

Performance Comparison Chart

Below is a dividend history chart for EXL.PRB, showing historical dividends prior to the most recent $0.5078 on Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock :

EXL.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Excel Trust Inc. ( EXL) makes up 3.12% of the KBW Premium Yield Equity REIT Portfolio ETF (KBWY) which is trading relatively unchanged on the day Thursday.

In Thursday trading, Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock ( EXL.PRB) is currently down about 0.8% on the day, while the common shares ( EXL) are off about 0.2%.

More from Stocks

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Finding Stocks Right for You: Cramer's 'Mad Money' Recap (Friday 8/25/18)

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Flashback Friday: Amazon, Chip Stocks, Memorial Day

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker