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SL Green Realty Corp.'s Series I Preferred Stock Ex-Dividend Reminder

Forbes.com
Wednesday, 26 December 2012

On 12/28/12, SL Green Realty Corp.'s 6.50% Series I Cumulative Redeemable Preferred Stock (NYSE: SLG.PRI) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 1/15/13. As a percentage of SLG.PRI's recent share price of $25.47, this dividend works out to approximately 1.60%, so look for shares of SLG.PRI to trade 1.60% lower — all else being equal — when SLG.PRI shares open for trading on 12/28/12. On an annualized basis, the current yield is approximately 6.40%, which compares to an average yield of 6.60% 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 »
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