Cash Dividend On The Way From Urstadt Biddle Properties Series F Cumulative Redeemable Preferred Stock

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On 4/15/14, Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock (Symbol: UBP.PRF) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 4/30/14. As a percentage of UBP.PRF's recent share price of $24.74, this dividend works out to approximately 1.80%, so look for shares of UBP.PRF to trade 1.80% lower - all else being equal - when UBP.PRF shares open for trading on 4/15/14. On an annualized basis, the current yield is approximately 7.22%, which compares to an average yield of 7.29% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of UBP.PRF shares, versus UBP:

Performance Comparison Chart


Below is a dividend history chart for UBP.PRF, showing historical dividends prior to the most recent $0.4453 on Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock:

UBP.PRF+Dividend+History+Chart

In Friday trading, Urstadt Biddle Properties Inc's 7.125% Series F Cumulative Redeemable Preferred Stock (Symbol: UBP.PRF) is currently up about 0.3% on the day, while the common shares (Symbol: UBP) are trading flat.

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



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: UBP.PRF , UBP

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