On 12/12/12, Strategic Hotels & Resorts, Inc.'s 8.25% Series B Cumulative Redeemable Preferred Stock (NYSE:BEE.PRB) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 12/31/12. As a percentage of BEE.PRB's recent share price of $25.01, this dividend works out to approximately 2.06%, so look for shares of BEE.PRB to trade 2.06% lower — all else being equal — when BEE.PRB shares open for trading on 12/12/12. On an annualized basis, the current yield is approximately 8.25%, which compares to an average yield of 7.32% in the "REITs" preferred stock category, according to Preferred Stock Channel.
As of last close, BEE.PRB was trading at a 0.04% discount to its liquidation preference amount, versus the average discount of 3.26% in the "REITs" category.
The chart below shows the one year performance of BEE.PRB shares, versus BEE:
Below is a dividend history chart for BEE.PRB, showing historical dividends prior to the most recent $0.5156 on Strategic Hotels & Resorts, Inc.'s 8.25% Series B Cumulative Redeemable Preferred Stock :
In Monday trading, Strategic Hotels & Resorts, Inc.'s 8.25% Series B Cumulative Redeemable Preferred Stock (NYSE:BEE.PRB) is currently up about 0.1% on the day, while the common shares (NYSE:BEE) are trading flat.
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