On 6/17/15, Gramercy Property Trust Inc's 7.125% Series B Cumulative Redeemable Preferred Stock (GPT.PRB) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 6/30/15. As a percentage of GPT.PRB's recent share price of $26.90, this dividend works out to approximately 1.66%, so look for shares of GPT.PRB to trade 1.66% lower — all else being equal — when GPT.PRB shares open for trading on 6/17/15. On an annualized basis, the current yield is approximately 6.62%, which compares to an average yield of 6.39% in the "REITs" preferred stock category, according to Preferred Stock Channel.As of last close, GPT.PRB was trading at a 7.60% premium to its liquidation preference amount. The chart below shows the one year performance of GPT.PRB shares, versus GPT: Below is a dividend history chart for GPT.PRB, showing historical dividends prior to the most recent $0.4453 on Gramercy Property Trust Inc's 7.125% Series B Cumulative Redeemable Preferred Stock: In Monday trading, Gramercy Property Trust Inc's 7.125% Series B Cumulative Redeemable Preferred Stock ( GPT.PRB) is currently trading flat on the day, while the common shares ( GPT) are down about 0.9%.
More from Stocks
What JPMorgan's Cryptocurrency Launch Means for the Markets
Kenny Polcari, managing principal at Butcher Joseph Asset Management, weighs in on how the JPMorgan cryptocurrency can impact markets.
CBS Shares End Higher Despite Earnings Missing Analysts' Forecasts
Fourth-quarter and full-year earnings ring in below analysts' forecasts, though the company hits goal of 8 million online-streaming subscribers earlier than expected.
Oracle Shares End Higher After Warren Buffett's Berkshire Hathaway Dumps Stake
Oracle also announces buyback of $12 billion of common stock.