On 12/30/14, Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock (NYSE: ESS.PRH) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 1/15/15. As a percentage of ESS.PRH's recent share price of $26.53, this dividend works out to approximately 1.68%, so look for shares of ESS.PRH to trade 1.68% lower — all else being equal — when ESS.PRH shares open for trading on 12/30/14. On an annualized basis, the current yield is approximately 6.72%, which compares to an average yield of 6.93% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, ESS.PRH was trading at a 6.00% premium to its liquidation preference amount, versus the average premium of 2.09% in the "Real Estate" category.
The chart below shows the one year performance of ESS.PRH shares, versus ESS:
Below is a dividend history chart for ESS.PRH, showing historical dividends prior to the most recent $0.4453 on Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETFChannel.com, Essex Property Trust, Inc. (NYSE: ESS) makes up 4.67% of the iShares Residential Real Estate Capped ETF (REZ) which is trading relatively unchanged on the day Friday.
In Friday trading, Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock (NYSE: ESS.PRH) is currently up about 0.1% on the day, while the common shares (NYSE: ESS) are up about 0.6%.