On 12/30/13, 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 1/15/14. As a percentage of ESS.PRH's recent share price of $25.94, this dividend works out to approximately 1.72%, so look for shares of ESS.PRH to trade 1.72% lower — all else being equal — when ESS.PRH shares open for trading on 12/30/13. On an annualized basis, the current yield is approximately 6.87%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, ESS.PRH was trading at a 3.76% 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) makes up 3.85% of the iShares Residential Real Estate Capped ETF (REZ) which is trading relatively unchanged on the day Thursday. In Thursday trading, Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock ( ESS.PRH) is currently trading flat on the day, while the common shares ( ESS) are up about 0.6%.