On 9/28/15, Colony Capital Inc's 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: CLNY.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 10/15/15. As a percentage of CLNY.PRA's recent share price of $26.40, this dividend works out to approximately 2.01%, so look for shares of CLNY.PRA to trade 2.01% lower - all else being equal - when CLNY.PRA shares open for trading on 9/28/15. On an annualized basis, the current yield is approximately 8.06%, which compares to an average yield of 7.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of CLNY.PRA shares, versus CLNY:
Below is a dividend history chart for CLNY.PRA, showing historical dividends prior to the most recent $0.5312 on Colony Capital Inc's 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock :
According to the ETF Finder at ETF Channel, Colony Capital Inc (Symbol: CLNY) makes up 4.41% of the Mortgage REIT Income ETF ( MORT ) which is trading relatively unchanged on the day Thursday.
In Thursday trading, Colony Capital Inc's 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock (Symbol: CLNY.PRA) is currently up about 0.1% on the day, while the common shares (Symbol: CLNY) are trading flat.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.