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.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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:

Performance Comparison Chart

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 :

TCO.PRJ+Dividend+History+Chart

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%.

More from Stocks

Shark Tank Star Kevin O'Leary Reveals Why Stocks Haven't Corrected Recently

Shark Tank Star Kevin O'Leary Reveals Why Stocks Haven't Corrected Recently

The Wall Street Analyst Army Is Ready to Defend Explosive FANG Stocks

The Wall Street Analyst Army Is Ready to Defend Explosive FANG Stocks

Google Faces Record Fine and 4 Other Stories to Watch Wednesday Morning

Google Faces Record Fine and 4 Other Stories to Watch Wednesday Morning

Google, Morgan Stanley, IBM and Texas Instruments - 5 Things You Must Know

Google, Morgan Stanley, IBM and Texas Instruments - 5 Things You Must Know

Video: Here's How Goldman Sachs May Change Under David Solomon

Video: Here's How Goldman Sachs May Change Under David Solomon