Ex-Div Reminder for Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share

On 5/13/14, Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share (DRE.PRK) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 5/30/14. As a percentage of DRE.PRK's recent share price of $24.97, this dividend works out to approximately 1.63%, so look for shares of DRE.PRK to trade 1.63% lower — all else being equal — when DRE.PRK shares open for trading on 5/13/14. On an annualized basis, the current yield is approximately 6.50%, which compares to an average yield of 7.13% 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, DRE.PRK was trading at a 0.00% premium to its liquidation preference amount, versus the average premium of 0.67% in the "Real Estate" category. The chart below shows the one year performance of DRE.PRK shares, versus DRE:

Performance Comparison Chart

Below is a dividend history chart for DRE.PRK, showing historical dividends prior to the most recent $0.4062 on Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share:

DRE.PRK+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Duke Realty Corp. ( DRE) makes up 4.66% of the iShares Industrial/Office Real Estate Capped ETF (FNIO) which is trading lower by about 0.2% on the day Friday.

In Friday trading, Duke Realty Corp.'s 6.5% Series K Cumulative Redeemable Preferred Share ( DRE.PRK) is currently off about 0.1% on the day, while the common shares ( DRE) are down about 1%.

More from Stocks

What You Need to Know About Facebook and Europe's New Privacy Rules

What You Need to Know About Facebook and Europe's New Privacy Rules

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

8 Bold Moves General Motors Could Make to Rev Up Its Battered Stock Price

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

Is Your Investment Portfolio Prepared for Trade Wars, Inflation and More Trump?

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

GE Is Too Opaque, Too Diversified and Too Poorly Managed: Doug Kass Insider

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric

Dow Falls Over 200 Points as Apple's Slump Offsets Gains in General Electric