Ex-Div Reminder for Colony Financial Series A Cumulative Redeemable Perpetual Preferred Stock

On 6/26/14, Colony Financial Inc.'s 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock ( CLNY.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 7/15/14. As a percentage of CLNY.PRA's recent share price of $27.60, this dividend works out to approximately 1.92%, so look for shares of CLNY.PRA to trade 1.92% lower — all else being equal — when CLNY.PRA shares open for trading on 6/26/14. 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.

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, CLNY.PRA was trading at a 10.24% premium to its liquidation preference amount, versus the average premium of 1.15% in the "Real Estate" category. The chart below shows the one year performance of CLNY.PRA shares, versus CLNY:

Performance Comparison Chart

Below is a dividend history chart for CLNY.PRA, showing historical dividends prior to the most recent $0.5312 on Colony Financial Inc.'s 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock :

CLNY.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Colony Financial Inc. ( CLNY) makes up 4.16% of the Mortgage REIT Income ETF (MORT) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Colony Financial Inc.'s 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock ( CLNY.PRA) is currently up about 0.1% on the day, while the common shares ( CLNY) are up about 0.2%.

If you liked this article you might like

An Investment Guru's Tactics That Have Stood the Test of Time

Litt Lights Way to 3 REIT Opportunities

How to Find 100-to-1 Moonshots

These 5 Dividend-Paying REITs Are Breaking Out

Mortgage Insurers Catch the Eye of EJF Capital

Mortgage Insurers Catch the Eye of EJF Capital