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.

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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%.

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