Kite Realty Group Trust's Series A Cumulative Redeemable Perpetual Preferred Shares Goes Ex-Dividend Soon

On 5/19/14, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares ( KRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 6/1/14. As a percentage of KRG.PRA's recent share price of $26.23, this dividend works out to approximately 1.97%, so look for shares of KRG.PRA to trade 1.97% lower — all else being equal — when KRG.PRA shares open for trading on 5/19/14. On an annualized basis, the current yield is approximately 7.89%, which compares to an average yield of 7.16% 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, KRG.PRA was trading at a 4.56% premium to its liquidation preference amount, versus the average premium of 0.69% in the "Real Estate" category. The chart below shows the one year performance of KRG.PRA shares, versus KRG:

Performance Comparison Chart

Below is a dividend history chart for KRG.PRA, showing historical dividends prior to the most recent $0.5156 on Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares:

KRG.PRA+Dividend+History+Chart

In Thursday trading, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares ( KRG.PRA) is currently up about 0.3% on the day, while the common shares ( KRG) are off about 0.8%.

If you liked this article you might like

Three Stocks That Have My Attention

Three Stocks That Have My Attention

These 2 Overlooked Commercial REITs Are Jam-Packed With Potential

These 2 Overlooked Commercial REITs Are Jam-Packed With Potential

Here's a Look at the REITs With Exposure to the Hurricane-Threatened Southeast

Here's a Look at the REITs With Exposure to the Hurricane-Threatened Southeast

Kite Realty Group (KRG) Strong On High Relative Volume Today

Kite Realty Group (KRG) Strong On High Relative Volume Today