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Crown Castle International Corp's Mandatory Convertible Preferred Stock, Series A Goes Ex-Dividend Soon

On 10/13/15, Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A (Symbol: CCI.PRA) will trade ex-dividend, for its quarterly dividend of $1.125, payable on 11/2/15. As a percentage of CCI.PRA's recent share price of $103.77, this dividend works out to approximately 1.08%, so look for shares of CCI.PRA to trade 1.08% lower - all else being equal - when CCI.PRA shares open for trading on 10/13/15. On an annualized basis, the current yield is approximately 4.35%, which compares to an average yield of 7.16% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of CCI.PRA shares, versus CCI:

Performance Comparison Chart

Below is a dividend history chart for CCI.PRA, showing historical dividends prior to the most recent $1.125 on Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A:

CCI.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Crown Castle International Corp (Symbol: CCI) makes up 4.43% of the iShares Real Estate 50 ETF ( FTY ) which is trading relatively unchanged on the day Friday.

In Friday trading, Crown Castle International Corp's 4.50% Mandatory Convertible Preferred Stock, Series A (Symbol: CCI.PRA) is currently up about 0.2% on the day, while the common shares (Symbol: CCI) are off about 0.8%.

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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