On 7/30/13, CommonWealth REIT's 6 1/2% Series D Cumulative Convertible Preferred Shares (NYSE: CWH.PRD) will trade ex-dividend, for its quarterly dividend of $0.4063, payable on 8/15/13. As a percentage of CWH.PRD's recent share price of $23.20, this dividend works out to approximately 1.75%, so look for shares of CWH.PRD to trade 1.75% lower — all else being equal — when CWH.PRD shares open for trading on 7/30/13. On an annualized basis, the current yield is approximately 7.07%, which compares to an average yield of 6.64% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
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