By DividendChannel.com
On 3/15/13, Prologis Inc‘s 6.85% Series P Cumulative Redeemable Preferred Stock (NYSE: PLD.PRP) will trade ex-dividend, for its quarterly dividend of $0.4281, payable on 4/15/13. As a percentage of PLD.PRP‘s recent share price of $25.49, this dividend works out to approximately 1.68%, so look for shares of PLD.PRP to trade 1.68% lower ? all else being equal ? when PLD.PRP shares open for trading on 3/15/13. On an annualized basis, the current yield is approximately 6.72%, which compares to an average yield of 6.49% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
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Source: FULL ARTICLE at Forbes Markets