On 3/13/17, Taubman Centers, Inc.'s 6.500% Series J Cumulative Redeemable Preferred Stock (TCO.PRJ) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 3/31/17. As a percentage of TCO.PRJ's recent share price of $25.10, this dividend works out to approximately 1.62%, so look for shares of TCO.PRJ to trade 1.62% lower — all else being equal — when TCO.PRJ shares open for trading on 3/13/17. On an annualized basis, the current yield is approximately 6.45%, which compares to an average yield of 7.55% in the "REITs" preferred stock category, according to Preferred Stock Channel.As of last close, TCO.PRJ was trading at a 0.84% premium to its liquidation preference amount. The chart below shows the one year performance of TCO.PRJ shares, versus TCO: Below is a dividend history chart for TCO.PRJ, showing historical dividends prior to the most recent $0.4062 on Taubman Centers, Inc.'s 6.500% Series J Cumulative Redeemable Preferred Stock : According to the ETF Finder at ETF Channel, Taubman Centers, Inc. ( TCO) makes up 1.21% of the PowerShares S&P MidCap Low Volatility Portfolio ETF (XMLV) which is trading higher by about 0.1% on the day Thursday. In Thursday trading, Taubman Centers, Inc.'s 6.500% Series J Cumulative Redeemable Preferred Stock ( TCO.PRJ) is currently down about 0.4% on the day, while the common shares ( TCO) are off about 0.5%.