On 9/11/13,
Strategic Hotels & Resorts
, Inc.'s 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: BEE.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 9/30/13. As a percentage of BEE.PRA's recent share price of $23.40, this dividend works out to approximately 2.27%, so look for shares of BEE.PRA to trade 2.27% lower — all else being equal — when BEE.PRA shares open for trading on 9/11/13. On an annualized basis, the current yield is approximately 9.11%, which compares to an average yield of 7.28% in the "REITs" preferred stock category, according to Preferred Stock Channel.
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As of last close, BEE.PRA was trading at a 6.68% discount to its liquidation preference amount.
The chart below shows the one year performance of BEE.PRA shares, versus BEE:
Below is a dividend history chart for BEE.PRA, showing historical dividends prior to the most recent $0.5312 on Strategic Hotels & Resorts, Inc.'s 8.50% Series A Cumulative Redeemable Preferred Stock :
In Monday trading, Strategic Hotels & Resorts, Inc.'s 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: BEE.PRA) is currently up about 0.3% on the day, while the common shares (NYSE: BEE) are up about 1.4%.
