Glimcher Realty Trust's 7.5% Series H Cumulative Redeemable Preferred Shares Ex-Dividend Reminder

On 9/26/14, Glimcher Realty Trust's 7.5% Series H Cumulative Redeemable Preferred Shares (GRT.PRH) will trade ex-dividend, for its quarterly dividend of $0.4688, payable on 10/15/14. As a percentage of GRT.PRH's recent share price of $26.10, this dividend works out to approximately 1.80%, so look for shares of GRT.PRH to trade 1.80% lower — all else being equal — when GRT.PRH shares open for trading on 9/26/14. On an annualized basis, the current yield is approximately 7.18%, which compares to an average yield of 6.93% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, GRT.PRH was trading at a 4.52% premium to its liquidation preference amount, versus the average premium of 1.16% in the "Real Estate" category. The chart below shows the one year performance of GRT.PRH shares, versus GRT:

Performance Comparison Chart

Below is a dividend history chart for GRT.PRH, showing historical dividends prior to the most recent $0.4688 on Glimcher Realty Trust's 7.5% Series H Cumulative Redeemable Preferred Shares:

GRT.PRH+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Glimcher Realty Trust ( GRT) makes up 3.07% of the iShares Global REIT ETF (REET) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Glimcher Realty Trust's 7.5% Series H Cumulative Redeemable Preferred Shares ( GRT.PRH) is currently down about 0.1% on the day, while the common shares ( GRT) are trading flat.

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