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:
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 :
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%.