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Cash Dividend On The Way From Pennsylvania Real Estate Investment Trust's 7.20% Series C Cumulative Redeemable Perpetual Preferred Shares


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On 5/31/18, Pennsylvania Real Estate Investment Trust's 7.20% Series C Cumulative Redeemable Perpetual Preferred Shares (Symbol: PEI.PRC) will trade ex-dividend, for its quarterly dividend of $0.45, payable on 6/15/18. As a percentage of PEI.PRC's recent share price of $21.75, this dividend works out to approximately 2.07%, so look for shares of PEI.PRC to trade 2.07% lower - all else being equal - when PEI.PRC shares open for trading on 5/31/18. On an annualized basis, the current yield is approximately 8.26%, which compares to an average yield of 6.99% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PEI.PRC shares, versus PEI:

Performance Comparison Chart

Below is a dividend history chart for PEI.PRC, showing historical dividends prior to the most recent $0.45 on Pennsylvania Real Estate Investment Trust's 7.20% Series C Cumulative Redeemable Perpetual Preferred Shares:

PEI.PRC+Dividend+History+Chart

In Tuesday trading, Pennsylvania Real Estate Investment Trust's 7.20% Series C Cumulative Redeemable Perpetual Preferred Shares (Symbol: PEI.PRC) is currently off about 0.2% on the day, while the common shares (Symbol: PEI) are up about 4.1%.

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





This article appears in: Investing
Referenced Symbols: PEI.PRC , PEI



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