On 7/11/14, Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A ( CCI.PRA) will trade ex-dividend, for its quarterly dividend of $1.125, payable on 8/1/14. As a percentage of CCI.PRA's recent share price of $101.64, this dividend works out to approximately 1.11%, so look for shares of CCI.PRA to trade 1.11% lower — all else being equal — when CCI.PRA shares open for trading on 7/11/14. On an annualized basis, the current yield is approximately 4.46%.As of last close, CCI.PRA was trading at a 1.09% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.0811 to 1.3513. The chart below shows the one year performance of CCI.PRA shares, versus CCI: Below is a dividend history chart for CCI.PRA, showing historical dividends prior to the most recent $1.125 on Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A: According to the ETF Finder at ETF Channel, Crown Castle International Corp ( CCI) makes up 2.53% of the Proshares Ultra Real Estate ETF (URE) which is trading lower by about 0.1% on the day Wednesday. In Wednesday trading, Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A ( CCI.PRA) is currently up about 0.5% on the day, while the common shares ( CCI) are up about 0.1%.