On 3/27/14, SL Green Realty Corp.'s 6.50% Series I Cumulative Redeemable Preferred Stock ( SLG.PRI) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 4/15/14. As a percentage of SLG.PRI's recent share price of $23.53, this dividend works out to approximately 1.73%, so look for shares of SLG.PRI to trade 1.73% lower — all else being equal — when SLG.PRI shares open for trading on 3/27/14. On an annualized basis, the current yield is approximately 6.90%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, SLG.PRI was trading at a 5.76% discount to its liquidation preference amount. The chart below shows the one year performance of SLG.PRI shares, versus SLG:
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Below is a dividend history chart for SLG.PRI, showing historical dividends prior to the most recent $0.4062 on SL Green Realty Corp.'s 6.50% Series I Cumulative Redeemable Preferred Stock: 
According to the ETF Finder at ETF Channel, SL Green Realty Corp. ( SLG) makes up 6.71% of the iShares Industrial/Office Real Estate Capped ETF (FNIO) which is trading relatively unchanged on the day Tuesday. In Tuesday trading, SL Green Realty Corp.'s 6.50% Series I Cumulative Redeemable Preferred Stock ( SLG.PRI) is currently down about 0.1% on the day, while the common shares ( SLG) are up about 0.2%.
