On 8/12/14, Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share ( DRE.PRL) will trade ex-dividend, for its quarterly dividend of $0.4125, payable on 8/29/14. As a percentage of DRE.PRL's recent share price of $25.40, this dividend works out to approximately 1.62%, so look for shares of DRE.PRL to trade 1.62% lower — all else being equal — when DRE.PRL shares open for trading on 8/12/14. On an annualized basis, the current yield is approximately 6.49%, which compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, DRE.PRL was trading at a 1.80% premium to its liquidation preference amount, versus the average premium of 1.25% in the "Real Estate" category. The chart below shows the one year performance of DRE.PRL shares, versus DRE: Below is a dividend history chart for DRE.PRL, showing historical dividends prior to the most recent $0.4125 on Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share: According to the ETF Finder at ETF Channel, Duke Realty Corp. ( DRE) makes up 4.43% of the iShares Industrial/Office Real Estate Capped ETF (FNIO) which is trading relatively unchanged on the day Friday. In Friday trading, Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share ( DRE.PRL) is currently down about 0.2% on the day, while the common shares ( DRE) are trading flat.