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Essex Property Trust Series H Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 9/29/15, Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock (Symbol: ESS.PRH) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 10/15/15. As a percentage of ESS.PRH's recent share price of $25.90, this dividend works out to approximately 1.72%, so look for shares of ESS.PRH to trade 1.72% lower - all else being equal - when ESS.PRH shares open for trading on 9/29/15. On an annualized basis, the current yield is approximately 6.82%, 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 ESS.PRH shares, versus ESS:

Performance Comparison Chart

Below is a dividend history chart for ESS.PRH, showing historical dividends prior to the most recent $0.4453 on Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock:

ESS.PRH+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Essex Property Trust, Inc. (Symbol: ESS) makes up 4.52% of the iShares Residential Real Estate Capped ETF ( REZ ) which is trading lower by about 0.1% on the day Friday.

In Friday trading, Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock (Symbol: ESS.PRH) is currently down about 0.8% on the day, while the common shares (Symbol: ESS) are up 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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