On 3/18/15, Taubman Centers, Inc.'s 6.25% Series K Cumulative Redeemable Preferred Stock (TCO.PRK) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 3/31/15. As a percentage of TCO.PRK's recent share price of $25.30, this dividend works out to approximately 1.54%, so look for shares of TCO.PRK to trade 1.54% lower — all else being equal — when TCO.PRK shares open for trading on 3/18/15. On an annualized basis, the current yield is approximately 6.21%, which compares to an average yield of 7.00% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, TCO.PRK was trading at a 0.64% premium to its liquidation preference amount, versus the average premium of 3.17% in the "Real Estate" category. The chart below shows the one year performance of TCO.PRK shares, versus TCO: Below is a dividend history chart for TCO.PRK, showing historical dividends prior to the most recent $0.3906 on Taubman Centers, Inc.'s 6.25% Series K Cumulative Redeemable Preferred Stock : According to the ETF Finder at ETF Channel, Taubman Centers, Inc. ( TCO) makes up 3.29% of the PowerShares Active U.S. Real Estate Fund ETF (PSR) which is trading relatively unchanged on the day Monday. In Monday trading, Taubman Centers, Inc.'s 6.25% Series K Cumulative Redeemable Preferred Stock ( TCO.PRK) is currently up about 0.6% on the day, while the common shares ( TCO) are trading flat.