On 8/28/13, Pennsylvania Real Estate Investment Trust's 8.25% Series A Cumulative Redeemable Perpetual Preferred Shares (NYSE: PEI.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 9/16/13. As a percentage of PEI.PRA's recent share price of $25.36, this dividend works out to approximately 2.03%, so look for shares of PEI.PRA to trade 2.03% lower — all else being equal — when PEI.PRA shares open for trading on 8/28/13. On an annualized basis, the current yield is approximately 8.14%, which compares to an average yield of 7.26% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
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