• Colony Financial Series A Cumulative Redeemable Perpetual Preferred Stock About To Put More Money In Your Pocket

    Source: Forbes - Markets / 26 Dec 2014 14:03:33   America/New_York

    On 12/29/14, Colony Financial Inc.'s 8.50% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE: CLNY.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 1/15/15. As a percentage of CLNY.PRA's recent share price of $26.70, this dividend works out to approximately 1.99%, so look for shares of CLNY.PRA to trade 1.99% lower — all else being equal — when CLNY.PRA shares open for trading on 12/29/14. On an annualized basis, the current yield is approximately 7.95%, which compares to an average yield of 6.93% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen » http://www.forbes.com/sites/dividendchannel/2014/12/26/colony-financial-series-a-cumulative-redeemable-perpetual-preferred-stock-about-to-put-more-money-in-your-pocket/
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