On 12/28/16, Alexandria Real Estate Equities, Inc.'s 6.45% Series E Cumulative Redeemable Preferred Stock (ARE.PRE) will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 1/17/17. As a percentage of ARE.PRE's recent share price of $25.18, this dividend works out to approximately 1.60%, so look for shares of ARE.PRE to trade 1.60% lower — all else being equal — when ARE.PRE shares open for trading on 12/28/16. On an annualized basis, the current yield is approximately 6.43%, which compares to an average yield of 7.08% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, ARE.PRE was trading at a 0.36% premium to its liquidation preference amount, versus the average premium of 0.20% in the "Real Estate" category. The chart below shows the one year performance of ARE.PRE shares, versus ARE: Below is a dividend history chart for ARE.PRE, showing historical dividends prior to the most recent $0.4031 on Alexandria Real Estate Equities, Inc.'s 6.45% Series E Cumulative Redeemable Preferred Stock: According to the ETF Finder at ETF Channel, Alexandria Real Estate Equities, Inc. ( ARE) makes up 1.97% of the iShares Cohen & Steers REIT ETF (ICF) which is trading higher by about 0.6% on the day Tuesday. In Tuesday trading, Alexandria Real Estate Equities, Inc.'s 6.45% Series E Cumulative Redeemable Preferred Stock ( ARE.PRE) is currently trading flat on the day, while the common shares ( ARE) are up about 1%.
HOST // Robert Powell
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