On 9/14/17, American Homes 4 Rent's 6.5% Series D Cumulative Redeemable Perpetual Preferred Shares (AMH.PRD) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 9/29/17. As a percentage of AMH.PRD's recent share price of $27.06, this dividend works out to approximately 1.50%, so look for shares of AMH.PRD to trade 1.50% lower — all else being equal — when AMH.PRD shares open for trading on 9/14/17. On an annualized basis, the current yield is approximately 6.01%, which compares to an average yield of 6.26% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.As of last close, AMH.PRD was trading at a 8.16% premium to its liquidation preference amount, versus the average premium of 3.98% in the "Real Estate" category. The chart below shows the one year performance of AMH.PRD shares, versus AMH: Below is a dividend history chart for AMH.PRD, showing historical dividends prior to the most recent $0.4062 on American Homes 4 Rent's 6.5% Series D Cumulative Redeemable Perpetual Preferred Shares: According to the ETF Finder at ETF Channel, American Homes 4 Rent ( AMH - Get Report) makes up 1.86% of the iShares Residential Real Estate Capped ETF (REZ) which is trading lower by about 1.2% on the day Tuesday. In Tuesday trading, American Homes 4 Rent's 6.5% Series D Cumulative Redeemable Perpetual Preferred Shares ( AMH.PRD) is currently up about 0.1% on the day, while the common shares ( AMH - Get Report) are off about 1.7%.
More from Stocks
Stocks Fall as Weak China Growth Returns Focus to Fate of Trade Talks
Stocks decline after China posted its weakest quarterly economic growth rate in nearly three decades, returning investors' attention to the ongoing trade talks between Washington and Beijing.
Coca-Cola Sees Stronger 2019 Operating Income Growth as Q3 Sales Top Forecasts
Coca-Cola says it sees improving operating income for this year, despite stiffer headwinds from a stronger U.S. dollar, as growth of its trademark soft drink, as well as zero-sugar and healthier options, drove solid third-quarter sales growth.
Under Armour Operations Improve but Revenue Growth Lags: Susquehanna Analyst
The firm lowered its price target on the Baltimore sports-apparel producer to $14 a share from $16.
Coke and Pepsi Dump Sugar, Sweeten Earnings Prospects as Consumer Habits Change
Coke joined rival Pepsi in riding a renewed wave of demand for sugar-free and low-calorie soft drinks to firmer-than-expected sales this quarter, confirming the industry's focus on healthier snacks and changing consumer habits.