Credit: Shutterstock photoOn 3/12/15, Post Properties, Inc.'s 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: PPS.PRA) will trade ex-dividend, for its quarterly dividend of $1.0625, payable on 3/31/15. As a percentage of PPS.PRA's recent share price of $68.12, this dividend works out to approximately 1.56%, so look for shares of PPS.PRA to trade 1.56% lower - all else being equal - when PPS.PRA shares open for trading on 3/12/15. On an annualized basis, the current yield is approximately 6.25%, which compares to an average yield of 6.95% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PPS.PRA shares, versus PPS:
Below is a dividend history chart for PPS.PRA, showing historical dividends prior to the most recent $1.0625 on Post Properties, Inc.'s 8 1/2% Series A Cumulative Redeemable Preferred Shares:
According to the ETF Finder at ETF Channel, Post Properties, Inc. (Symbol: PPS) makes up 1.64% of the iShares Residential Real Estate Capped ETF ( REZ ) which is trading relatively unchanged on the day Tuesday.
In Tuesday trading, Post Properties, Inc.'s 8 1/2% Series A Cumulative Redeemable Preferred Shares (Symbol: PPS.PRA) is currently up about 0.2% on the day, while the common shares (Symbol: PPS) are up about 0.6%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
