On 11/19/12, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (NYSE:KRG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 11/30/12. As a percentage of KRG.PRA's recent share price of $26.21, this dividend works out to approximately 1.97%, so look for shares of KRG.PRA to trade 1.97% lower — all else being equal — when KRG.PRA shares open for trading on 11/19/12. On an annualized basis, the current yield is approximately 7.96%, which compares to an average yield of 6.21% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, KRG.PRA was trading at a 3.60% premium to its liquidation preference amount, versus the average premium of 3.22% in the "Real Estate" category.
The chart below shows the one year performance of KRG.PRA shares, versus KRG:
Below is a dividend history chart for KRG.PRA, showing historical dividends prior to the most recent $0.5156 on Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares:
In Thursday trading, Kite Realty Group Trust's 8.250% Series A Cumulative Redeemable Perpetual Preferred Shares (NYSE:KRG.PRA) is currently up about 1.2% on the day, while the common shares (NYSE:KRG) are down about 0.9%.
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