On 9/23/13, Campus Crest Communities, Inc.'s 8.00% Series A Cumulative Redeemable Preferred Stock (NYSE: CCG.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 10/15/13. As a percentage of CCG.PRA's recent share price of $25.92, this dividend works out to approximately 1.93%, so look for shares of CCG.PRA to trade 1.93% lower — all else being equal — when CCG.PRA shares open for trading on 9/23/13. On an annualized basis, the current yield is approximately 7.64%, which compares to an average yield of 7.42% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
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