On 6/27/14, Sun Communities, Inc.'s 7.125% Series A Cumulative Redeemable Preferred Stock (SUI.PRA) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 7/15/14. As a percentage of SUI.PRA's recent share price of $25.50, this dividend works out to approximately 1.75%, so look for shares of SUI.PRA to trade 1.75% lower — all else being equal — when SUI.PRA shares open for trading on 6/27/14. On an annualized basis, the current yield is approximately 6.98%, which compares to an average yield of 6.81% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, SUI.PRA was trading at a 2.08% premium to its liquidation preference amount, versus the average premium of 1.24% in the "Real Estate" category. The chart below shows the one year performance of SUI.PRA shares, versus SUI: Below is a dividend history chart for SUI.PRA, showing historical dividends prior to the most recent $0.4453 on Sun Communities, Inc.'s 7.125% Series A Cumulative Redeemable Preferred Stock : In Wednesday trading, Sun Communities, Inc.'s 7.125% Series A Cumulative Redeemable Preferred Stock ( SUI.PRA) is currently off about 0.1% on the day, while the common shares ( SUI - Get Report) are up about 0.4%.
More from Stocks
Broadcom Has Outlined an Equilateral Triangle So Be Prepared for a Breakout Soon
Let's dig deeper to see if we can handicap the direction of the expected breakout.
TPI Shares Spin Higher After Analyst Upgrades Wind-Turbine-Blade Maker
Analysts at Raymond James say a recent sharp decline in TPI's stock price has created a buying opportunity for investors, especially given shares of other cleantech companies are up double digits in 2019.
Greenbrier's Dividend Entices, but Could Be Derailed by a Tough Economy
The rail car maker is likely riding into a slower period of demand for its products, which investors should keep in mind when considering it as a dividend play.
Stocks Fall as Investors Take Breather From Rebound; Home Depot Surges
Stocks are down Tuesday as investors take a step back from Wall Street's recent rebound to digest the earnings report from Home Depot and prepare for a flurry of activity from the Federal Reserve.