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Pennsylvania Real Estate Investment Trust's Series B Cumulative Redeemable Perpetual Preferred Shares Goes Ex-Dividend Soon

On 8/28/14, Pennsylvania Real Estate Investment Trust's 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares (Symbol: PEI.PRB) will trade ex-dividend, for its quarterly dividend of $0.4609, payable on 9/16/14. As a percentage of PEI.PRB's recent share price of $26.00, this dividend works out to approximately 1.77%, so look for shares of PEI.PRB to trade 1.77% lower - all else being equal - when PEI.PRB shares open for trading on 8/28/14. On an annualized basis, the current yield is approximately 7.09%, which compares to an average yield of 6.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PEI.PRB shares, versus PEI:

Performance Comparison Chart

Below is a dividend history chart for PEI.PRB, showing historical dividends prior to the most recent $0.4609 on Pennsylvania Real Estate Investment Trust's 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares:

PEI.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Pennsylvania Real Estate Investment Trust (Symbol: PEI) makes up 1.04% of the iShares Retail Real Estate Capped ETF ( RTL ) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Pennsylvania Real Estate Investment Trust's 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares (Symbol: PEI.PRB) is currently trading flat on the day, while the common shares (Symbol: PEI) are trading flat.

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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