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Reminder: Washington Prime Group's 6.875% Series I Cumulative Redeemable Preferred Shares Goes Ex-Dividend Soon

On 12/28/18, Washington Prime Group's 6.875% Series I Cumulative Redeemable Preferred Shares (Symbol: WPG.PRI) will trade ex-dividend, for its quarterly dividend of $0.4297, payable on 1/15/19. As a percentage of WPG.PRI's recent share price of $13.01, this dividend works out to approximately 3.30%, so look for shares of WPG.PRI to trade 3.30% lower - all else being equal - when WPG.PRI shares open for trading on 12/28/18. On an annualized basis, the current yield is approximately 13.22%, which compares to an average yield of 7.73% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of WPG.PRI shares, versus WPG:

Performance Comparison Chart

Below is a dividend history chart for WPG.PRI, showing historical dividends prior to the most recent $0.4297 on Washington Prime Group's 6.875% Series I Cumulative Redeemable Preferred Shares:

WPG.PRI+Dividend+History+Chart

In Wednesday trading, Washington Prime Group's 6.875% Series I Cumulative Redeemable Preferred Shares (Symbol: WPG.PRI) is currently up about 0.1% on the day, while the common shares (Symbol: WPG) 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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