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On 6/28/17, Alexandria Real Estate Equities Inc's 7.00% Series D Cumulative Convertible Preferred Stock (Symbol: ARE.PRD) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 7/17/17. As a percentage of ARE.PRD's recent share price of $36.61, this dividend works out to approximately 1.20%, so look for shares of ARE.PRD to trade 1.20% lower - all else being equal - when ARE.PRD shares open for trading on 6/28/17. On an annualized basis, the current yield is approximately 4.78%, which compares to an average yield of 6.89% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of ARE.PRD shares, versus ARE:
Below is a dividend history chart for ARE.PRD, showing historical dividends prior to the most recent $0.4375 on Alexandria Real Estate Equities Inc's 7.00% Series D Cumulative Convertible Preferred Stock:
According to the ETF Finder at ETF Channel, Alexandria Real Estate Equities Inc (Symbol: ARE) makes up 2.22% of the iShares Cohen & Steers REIT ETF ( ICF ) which is trading relatively unchanged on the day Monday.
In Monday trading, Alexandria Real Estate Equities Inc's 7.00% Series D Cumulative Convertible Preferred Stock (Symbol: ARE.PRD) is currently off about 0.1% on the day, while the common shares (Symbol: ARE) are up about 0.1%.
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.
