On 6/18/14, Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares ( RPT.PRD) will trade ex-dividend, for its quarterly dividend of $0.9062, payable on 7/1/14. As a percentage of RPT.PRD's recent share price of $62.34, this dividend works out to approximately 1.45%, so look for shares of RPT.PRD to trade 1.45% lower — all else being equal — when RPT.PRD shares open for trading on 6/18/14. On an annualized basis, the current yield is approximately 5.91%, which compares to an average yield of 6.85% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, RPT.PRD was trading at a 22.66% premium to its liquidation preference amount, versus the average premium of 0.57% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 3.4699. The chart below shows the one year performance of RPT.PRD shares, versus RPT: Below is a dividend history chart for RPT.PRD, showing historical dividends prior to the most recent $0.9062 on Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares: In Monday trading, Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares ( RPT.PRD) is currently up about 1.6% on the day, while the common shares ( RPT) are off about 0.1%.