Reminder: Kite Realty Group Trust's Series A Cumulative Redeemable Perpetual Preferred Shares Goes Ex-Dividend Soon

On 2/19/14, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (KRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 3/1/14. As a percentage of KRG.PRA's recent share price of $25.70, this dividend works out to approximately 2.01%, so look for shares of KRG.PRA to trade 2.01% lower — all else being equal — when KRG.PRA shares open for trading on 2/19/14. On an annualized basis, the current yield is approximately 8.01%, which compares to an average yield of 7.52% 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, KRG.PRA was trading at a 3.00% premium to its liquidation preference amount.The chart below shows the one year performance of KRG.PRA shares, versus KRG:

Performance Comparison Chart

Below is a dividend history chart for KRG.PRA, showing historical dividends prior to the most recent $0.5156 on Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares:

KRG.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Kite Realty Group Trust ( KRG) makes up 2.04% of the KBW Premium Yield Equity REIT Portfolio ETF (KBWY) which is trading higher by about 0.3% on the day Tuesday.

In Tuesday trading, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares ( KRG.PRA) is currently down about 0.2% on the day, while the common shares ( KRG) are up about 0.4%.

More from Stocks

Is Tesla's Stock Set to Nearly Double to $500?

Is Tesla's Stock Set to Nearly Double to $500?

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Dow Rises Sharply as U.S.-China Trade Tensions Thaw

Steel Stocks Are Monday's Biggest Losers From Cooling China Trade Tensions

Steel Stocks Are Monday's Biggest Losers From Cooling China Trade Tensions

GE's $11.1 Billion Deal With Wabtec Should Have Warren Buffett Feeling Very Sad

GE's $11.1 Billion Deal With Wabtec Should Have Warren Buffett Feeling Very Sad

How to Survive Intense Stock Market Volatility This Summer

How to Survive Intense Stock Market Volatility This Summer