On 12/17/12, Prologis Inc's 7.00% Series O Cumulative Redeemable Preferred Stock (PLD.PRO) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 1/15/13. As a percentage of PLD.PRO's recent share price of $25.45, this dividend works out to approximately 1.72%, so look for shares of PLD.PRO to trade 1.72% lower — all else being equal — when PLD.PRO shares open for trading on 12/17/12. On an annualized basis, the current yield is approximately 6.88%, which compares to an average yield of 6.45% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, PLD.PRO was trading at a 1.80% premium to its liquidation preference amount, versus the average premium of 3.68% in the "Real Estate" category.
The chart below shows the one year performance of PLD.PRO shares, versus PLD:
Below is a dividend history chart for PLD.PRO, showing historical dividends prior to the most recent $0.4375 on Prologis Inc's 7.00% Series O Cumulative Redeemable Preferred Stock:
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