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

Posted
2/10/2014 1:44:00 PM
By: BNK Invest
Referenced Stocks:FNIO;DRE.PRL;DRE

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.

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