On 3/13/17, American Homes 4 Rent's 5.000% Series B Participating Preferred Shares (AMH.PRB) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 3/31/17. As a percentage of AMH.PRB's recent share price of $28.40, this dividend works out to approximately 1.10%, so look for shares of AMH.PRB to trade 1.10% lower — all else being equal — when AMH.PRB shares open for trading on 3/13/17. On an annualized basis, the current yield is approximately 4.39%, which compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, AMH.PRB was trading at a 13.92% premium to its liquidation preference amount, versus the average premium of 1.41% in the "Real Estate" category. The chart below shows the one year performance of AMH.PRB shares, versus AMH:

Performance Comparison Chart

Below is a dividend history chart for AMH.PRB, showing historical dividends prior to the most recent $0.3125 on American Homes 4 Rent's 5.000% Series B Participating Preferred Shares:

AMH.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, American Homes 4 Rent ( AMH - Get Report) makes up 1.90% of the iShares Residential Real Estate Capped ETF (REZ) which is trading relatively unchanged on the day Thursday.

In Thursday trading, American Homes 4 Rent's 5.000% Series B Participating Preferred Shares ( AMH.PRB) is currently down about 0.3% on the day, while the common shares ( AMH - Get Report) are trading flat.