Essex Property Trust, Inc. (ESS) Ex-Dividend Date Scheduled for June 26, 2013

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Essex Property Trust, Inc. ( ESS ) will begin trading ex-dividend on June 26, 2013. A cash dividend payment of $1.21 per share is scheduled to be paid on July 15, 2013. Shareholders who purchased ESS stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10% increase over the same period a year ago. At the current stock price of $153.51, the dividend yield is 3.15%.

The previous trading day's last sale of ESS was $153.51, representing a -10.29% decrease from the 52 week high of $171.11 and a 12.56% increase over the 52 week low of $136.38.

ESS is a part of the Consumer Services sector, which includes companies such as Simon Property Group, Inc. ( SPG ) and American Tower Corporation (REIT) ( AMT ). ESS's current earnings per share, an indicator of a company's profitability, is $3.35. Zacks Investment Research reports ESS's forecasted earnings growth in 2013 as 13.98%, compared to an industry average of 10.9%.

For more information on the declaration, record and payment dates, visit the ESS Dividend History page.

Interested in gaining exposure to ESS through an Exchange Traded Fund [ETF]?
The following ETF(s) have ESS as a top-10 holding:

  • iShares FTSE NAREIT Residential Index Fund ( REZ )
  • PowerShares S&P MidCap Low Volatility Portfolio ( XMLV )
  • SPDR S&P 400 Mid Cap Growth ETF (based on S&P MidCap 400 Growt ( MDYG ).

The top-performing ETF of this group is MDYG with an increase of 8.97% over the last 100 days. REZ has the highest percent weighting of ESS at 3.68%.



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: News Headlines , Stocks

Referenced Stocks: AMT , ESS , MDYG , REZ , SPG , XMLV

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