Ex-Div Reminder for Urstadt Biddle Properties's Series F Cumulative Redeemable Preferred Stock

On 1/15/14, Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock (UBP.PRF) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 1/31/14. As a percentage of UBP.PRF's recent share price of $23.68, this dividend works out to approximately 1.88%, so look for shares of UBP.PRF to trade 1.88% lower — all else being equal — when UBP.PRF shares open for trading on 1/15/14. On an annualized basis, the current yield is approximately 7.54%, which compares to an average yield of 7.71% 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, UBP.PRF was trading at a 5.52% discount to its liquidation preference amount.The chart below shows the one year performance of UBP.PRF shares, versus UBP:

Performance Comparison Chart

Below is a dividend history chart for UBP.PRF, showing historical dividends prior to the most recent $0.4453 on Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock:

UBP.PRF+Dividend+History+Chart

In Monday trading, Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock ( UBP.PRF) is currently up about 0.2% on the day, while the common shares ( UBP) are up about 1.1%.

More from Stocks

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Week Ahead: Major Earnings on Tap as Wall Street Readies for Geopolitical Moves

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Google's YouTube in Hot Water Again Over Ads on Inappropriate Content

Should Tesla Nominate a New CEO Not Named Elon Musk?

Should Tesla Nominate a New CEO Not Named Elon Musk?