Markets

iStar Series F Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

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Shutterstock photo

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On 5/27/16, iStar Inc's 7.8% Series F Cumulative Redeemable Preferred Stock (Symbol: STAR.PRF) will trade ex-dividend, for its quarterly dividend of $0.4875, payable on 6/15/16. As a percentage of STAR.PRF's recent share price of $23.34, this dividend works out to approximately 2.09%, so look for shares of STAR.PRF to trade 2.09% lower - all else being equal - when STAR.PRF shares open for trading on 5/27/16. On an annualized basis, the current yield is approximately 8.48%, which compares to an average yield of 7.86% in the "REITs" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of STAR.PRF shares, versus STAR:

Performance Comparison Chart

Below is a dividend history chart for STAR.PRF, showing historical dividends prior to the most recent $0.4875 on iStar Inc's 7.8% Series F Cumulative Redeemable Preferred Stock:

STAR.PRF+Dividend+History+Chart

According to the ETF Finder at ETF Channel, iStar Inc (Symbol: STAR) makes up 1.55% of the Mortgage REIT Income ETF ( MORT ) which is trading up by about 0.2% on the day Wednesday.

In Wednesday trading, iStar Inc's 7.8% Series F Cumulative Redeemable Preferred Stock (Symbol: STAR.PRF) is currently up about 1.5% on the day, while the common shares (Symbol: STAR) are up about 5%.

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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MORT STAR