Cash Dividend On The Way From Digital Realty Trust Series E Cumulative Redeemable Preferred Stock

On 3/12/14, Digital Realty Trust, Inc.'s 7.000% Series E Cumulative Redeemable Preferred Stock ( DLR.PRE) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 3/31/14. As a percentage of DLR.PRE's recent share price of $24.14, this dividend works out to approximately 1.81%, so look for shares of DLR.PRE to trade 1.81% lower — all else being equal — when DLR.PRE shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 7.22%, which compares to an average yield of 7.41% 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, DLR.PRE was trading at a 3.00% discount to its liquidation preference amount. The chart below shows the one year performance of DLR.PRE shares, versus DLR:

Performance Comparison Chart

Below is a dividend history chart for DLR.PRE, showing historical dividends prior to the most recent $0.4375 on Digital Realty Trust, Inc.'s 7.000% Series E Cumulative Redeemable Preferred Stock :

DLR.PRE+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Digital Realty Trust, Inc. ( DLR) makes up 2.15% of the iShares Cohen & Steers REIT ETF (ICF) which is trading lower by about 0.7% on the day Monday.

In Monday trading, Digital Realty Trust, Inc.'s 7.000% Series E Cumulative Redeemable Preferred Stock ( DLR.PRE) is currently off about 0.5% on the day, while the common shares ( DLR) are up about 0.2%.

If you liked this article you might like

Netflix Sees Stream of Analysts Jump Into $200 Price Target Boat

S&P 500 and Nasdaq Fall, Pulled Lower by a Swift Tech Selloff

Stocks Rise With Banks Outperforming Ahead of Next Week's Focus on the Fed and Interest Rates

Stock Futures Rise Slightly After U.K.'s Hung Parliament Throws Hard Brexit Into Question

Digital Realty Buys Fellow Data Center Operator DuPont Fabros for $7.6 Billion