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Ex-Div Reminder for Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares

On 8/20/14, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (Symbol: KRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 9/1/14. As a percentage of KRG.PRA's recent share price of $26.40, this dividend works out to approximately 1.95%, so look for shares of KRG.PRA to trade 1.95% lower - all else being equal - when KRG.PRA shares open for trading on 8/20/14. On an annualized basis, the current yield is approximately 7.79%, which compares to an average yield of 6.58% in the "REITs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of KRG.PRA shares, versus KRG:

Performance Comparison Chart

Below is a dividend history chart for KRG.PRA, showing historical dividends prior to the most recent $0.5156 on Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares:

KRG.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Kite Realty Group Trust (Symbol: KRG) makes up 2.41% of the SPDR S&P 600 Small Cap Value ETF ( SLYV ) which is trading up by about 1.9% on the day Monday.

In Monday trading, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (Symbol: KRG.PRA) is currently off about 0.3% on the day, while the common shares (Symbol: KRG) are up about 1.7%.

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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