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Cash Dividend On The Way From Sun Communities Series A Cumulative Redeemable Preferred Stock

On 9/29/15, Sun Communities, Inc.'s 7.125% Series A Cumulative Redeemable Preferred Stock (Symbol: SUI.PRA) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 10/15/15. As a percentage of SUI.PRA's recent share price of $26.33, this dividend works out to approximately 1.69%, so look for shares of SUI.PRA to trade 1.69% lower - all else being equal - when SUI.PRA shares open for trading on 9/29/15. On an annualized basis, the current yield is approximately 6.93%, which compares to an average yield of 7.12% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SUI.PRA shares, versus SUI:

Performance Comparison Chart

Below is a dividend history chart for SUI.PRA, showing historical dividends prior to the most recent $0.4453 on Sun Communities, Inc.'s 7.125% Series A Cumulative Redeemable Preferred Stock :

SUI.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Sun Communities, Inc. (Symbol: SUI) makes up 1.70% of the iShares Residential Real Estate Capped ETF ( REZ ) which is trading relatively unchanged on the day Friday.

In Friday trading, Sun Communities, Inc.'s 7.125% Series A Cumulative Redeemable Preferred Stock (Symbol: SUI.PRA) is currently up about 2.4% on the day, while the common shares (Symbol: SUI) are up 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.


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

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