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SL Green Realty Series I Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 9/28/15, SL Green Realty Corp.'s 6.50% Series I Cumulative Redeemable Preferred Stock (Symbol: SLG.PRI) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 10/15/15. As a percentage of SLG.PRI's recent share price of $25.10, this dividend works out to approximately 1.62%, so look for shares of SLG.PRI to trade 1.62% lower - all else being equal - when SLG.PRI shares open for trading on 9/28/15. On an annualized basis, the current yield is approximately 6.46%, which compares to an average yield of 7.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SLG.PRI shares, versus SLG:

Performance Comparison Chart

Below is a dividend history chart for SLG.PRI, showing historical dividends prior to the most recent $0.4062 on SL Green Realty Corp.'s 6.50% Series I Cumulative Redeemable Preferred Stock:

SLG.PRI+Dividend+History+Chart

According to the ETF Finder at ETF Channel, SL Green Realty Corp. (Symbol: SLG) makes up 4.10% of the Guggenheim S&P 500 Equal Weight Real Estate ETF ( EWRE ) which is trading relatively unchanged on the day Thursday.

In Thursday trading, SL Green Realty Corp.'s 6.50% Series I Cumulative Redeemable Preferred Stock (Symbol: SLG.PRI) is currently down about 0.3% on the day, while the common shares (Symbol: SLG) are off about 1.1%.

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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