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Ex-Div Reminder for Ramco-Gershenson Properties Trust's Series D Cumulative Convertible Perpetual Preferred Shares

On 12/17/15, Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares (Symbol: RPT.PRD) will trade ex-dividend, for its quarterly dividend of $0.9062, payable on 1/4/16. As a percentage of RPT.PRD's recent share price of $60.59, this dividend works out to approximately 1.50%, so look for shares of RPT.PRD to trade 1.50% lower - all else being equal - when RPT.PRD shares open for trading on 12/17/15. On an annualized basis, the current yield is approximately 5.98%, which compares to an average yield of 7.46% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of RPT.PRD shares, versus RPT:

Performance Comparison Chart

Below is a dividend history chart for RPT.PRD, showing historical dividends prior to the most recent $0.9062 on Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares:

RPT.PRD+Dividend+History+Chart

In Tuesday trading, Ramco-Gershenson Properties Trust's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares (Symbol: RPT.PRD) is currently trading flat on the day, while the common shares (Symbol: RPT) are up about 1.2%.

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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