Retail Properties of America Series A Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 3/18/14, Retail Properties of America, Inc's 7.00% Series A Cumulative Redeemable Preferred Stock ( RPAI.PRA) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 3/31/14. As a percentage of RPAI.PRA's recent share price of $24.43, this dividend works out to approximately 1.79%, so look for shares of RPAI.PRA to trade 1.79% lower — all else being equal — when RPAI.PRA shares open for trading on 3/18/14. On an annualized basis, the current yield is approximately 7.16%, which compares to an average yield of 7.40% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, RPAI.PRA was trading at a 2.12% discount to its liquidation preference amount. The chart below shows the one year performance of RPAI.PRA shares, versus RPAI:

Performance Comparison Chart

Below is a dividend history chart for RPAI.PRA, showing historical dividends prior to the most recent $0.4375 on Retail Properties of America, Inc's 7.00% Series A Cumulative Redeemable Preferred Stock:

RPAI.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Retail Properties of America, Inc ( RPAI) makes up 2.27% of the iShares Retail Real Estate Capped ETF (RTL) which is trading higher by about 0.3% on the day Friday.

In Friday trading, Retail Properties of America, Inc's 7.00% Series A Cumulative Redeemable Preferred Stock ( RPAI.PRA) is currently down about 0.2% on the day, while the common shares ( RPAI) are down about 0.1%.

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