Taubman Centers Series J Cumulative Redeemable Preferred Stock Ex-Dividend Reminder

On 3/13/14, Taubman Centers, Inc.'s 6.500% Series J Cumulative Redeemable Preferred Stock (TCO.PRJ) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 3/31/14. As a percentage of TCO.PRJ's recent share price of $24.00, this dividend works out to approximately 1.69%, so look for shares of TCO.PRJ to trade 1.69% lower — all else being equal — when TCO.PRJ shares open for trading on 3/13/14. On an annualized basis, the current yield is approximately 6.77%, which compares to an average yield of 7.11% in the "REITs" 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, TCO.PRJ was trading at a 4.00% discount to its liquidation preference amount.The chart below shows the one year performance of TCO.PRJ shares, versus TCO:

Performance Comparison Chart

Below is a dividend history chart for TCO.PRJ, showing historical dividends prior to the most recent $0.4062 on Taubman Centers, Inc.'s 6.500% Series J Cumulative Redeemable Preferred Stock :

TCO.PRJ+Dividend+History+Chart

In Tuesday trading, Taubman Centers, Inc.'s 6.500% Series J Cumulative Redeemable Preferred Stock ( TCO.PRJ) is currently trading flat on the day, while the common shares ( TCO) are up about 0.8%.

More from Stocks

Stocks Tumble as Dow Heads for Eighth Straight Drop

Stocks Tumble as Dow Heads for Eighth Straight Drop

Novo Nordisk Stock Pops Nearly 3% on Positive Diabetes-Drug Results

Novo Nordisk Stock Pops Nearly 3% on Positive Diabetes-Drug Results

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Why Spotify Is the Ultimate Speculative Stock to Buy

Why Spotify Is the Ultimate Speculative Stock to Buy

Mesoblast Soars on Stem-Cell Treatment Data

Mesoblast Soars on Stem-Cell Treatment Data