Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share Ex-Dividend Reminder - 2/12/14

By
A A A

On 2/12/14, Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share (Symbol: DRE.PRL) will trade ex-dividend, for its quarterly dividend of $0.4125, payable on 2/28/14. As a percentage of DRE.PRL's recent share price of $23.87, this dividend works out to approximately 1.73%, so look for shares of DRE.PRL to trade 1.73% lower - all else being equal - when DRE.PRL shares open for trading on 2/12/14. On an annualized basis, the current yield is approximately 6.93%, which compares to an average yield of 7.60% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of DRE.PRL shares, versus DRE:

Performance Comparison Chart

Below is a dividend history chart for DRE.PRL, showing historical dividends prior to the most recent $0.4125 on Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share:

DRE.PRL+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Duke Realty Corp. (Symbol: DRE) makes up 4.62% of the iShares Industrial/Office Real Estate Capped ETF ( FNIO ) which is trading relatively unchanged on the day Monday.

In Monday trading, Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share (Symbol: DRE.PRL) is currently up about 0.2% on the day, while the common shares (Symbol: DRE) 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 ยป



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: FNIO , DRE.PRL , DRE

BNK Invest

BNK Invest

More from BNK Invest:

Related Videos

Stocks

Referenced

Most Active by Volume

15,172,803
  • $75.27 ▲ 0.39%
12,134,965
  • $3.445 ▼ 0.14%
11,582,715
  • $34.956 ▼ 2.19%
11,156,040
  • $24.745 ▼ 13.84%
11,146,282
  • $97.77 ▲ 0.76%
10,904,607
  • $3.755 ▲ 0.67%
8,995,338
  • $10.8901 ▲ 3.42%
7,011,769
  • $44.50 ▲ 0.23%
As of 7/25/2014, 10:26 AM