On 12/27/13, Pebblebrook Hotel Trust's 8.00% Series B Cumulative Redeemable Preferred Shares ( PEB.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/15/14. As a percentage of PEB.PRB's recent share price of $25.25, this dividend works out to approximately 1.98%, so look for shares of PEB.PRB to trade 1.98% lower — all else being equal — when PEB.PRB shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 7.94%, 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, PEB.PRB was trading at a 0.80% premium to its liquidation preference amount. The chart below shows the one year performance of PEB.PRB shares, versus PEB: Below is a dividend history chart for PEB.PRB, showing historical dividends prior to the most recent $0.50 on Pebblebrook Hotel Trust's 8.00% Series B Cumulative Redeemable Preferred Shares: According to the ETF Finder at ETF Channel, Pebblebrook Hotel Trust ( PEB) makes up 1.21% of the SPDR Russell 2000Low Volatility ETF (SMLV) which is trading relatively unchanged on the day Thursday. In Thursday trading, Pebblebrook Hotel Trust's 8.00% Series B Cumulative Redeemable Preferred Shares ( PEB.PRB) is currently up about 0.2% on the day, while the common shares ( PEB) are up about 0.8%.