Campus Crest Communities Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 6/23/14, Campus Crest Communities, Inc.'s 8.00% Series A Cumulative Redeemable Preferred Stock ( CCG.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 7/15/14. As a percentage of CCG.PRA's recent share price of $25.85, this dividend works out to approximately 1.93%, so look for shares of CCG.PRA to trade 1.93% lower — all else being equal — when CCG.PRA shares open for trading on 6/23/14. On an annualized basis, the current yield is approximately 7.71%, which compares to an average yield of 6.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, CCG.PRA was trading at a 3.88% premium to its liquidation preference amount, versus the average premium of 0.88% in the "Real Estate" category. The chart below shows the one year performance of CCG.PRA shares, versus CCG:

Performance Comparison Chart

Below is a dividend history chart for CCG.PRA, showing historical dividends prior to the most recent $0.50 on Campus Crest Communities, Inc.'s 8.00% Series A Cumulative Redeemable Preferred Stock :

CCG.PRA+Dividend+History+Chart

In Thursday trading, Campus Crest Communities, Inc.'s 8.00% Series A Cumulative Redeemable Preferred Stock ( CCG.PRA) is currently down about 0.5% on the day, while the common shares ( CCG) are trading flat.

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