Quantcast

Ex-Div Reminder for Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares


Shutterstock photo

On 3/28/18, Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares (Symbol: HT.PRC) will trade ex-dividend, for its quarterly dividend of $0.4297, payable on 4/16/18. As a percentage of HT.PRC's recent share price of $24.52, this dividend works out to approximately 1.75%, so look for shares of HT.PRC to trade 1.75% lower - all else being equal - when HT.PRC shares open for trading on 3/28/18. On an annualized basis, the current yield is approximately 6.99%, which compares to an average yield of 7.02% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of HT.PRC shares, versus HT:

Performance Comparison Chart

Below is a dividend history chart for HT.PRC, showing historical dividends prior to the most recent $0.4297 on Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares :

HT.PRC+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Hersha Hospitality Trust (Symbol: HT) makes up 2.99% of the PowerShares S&P SmallCap High Dividend Low Volatility Portfolio ETF ( XSHD ) which is trading lower by about 1.7% on the day Monday.

In Monday trading, Hersha Hospitality Trust's 6.875% Series C Cumulative Redeemable Preferred Shares (Symbol: HT.PRC) is currently down about 0.8% on the day, while the common shares (Symbol: HT) are down about 0.3%.

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 Nasdaq, Inc.



This article appears in: Investing
Referenced Symbols: XSHD , HT.PRC , HT



More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing










Research Brokers before you trade

Want to trade FX?