On 6/4/13, Weingarten Realty Investors's 6.50% Series F Cumulative Redeemable Preferred Shares (NYSE: WRI.PRF) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 6/14/13. As a percentage of WRI.PRF's recent share price of $25.50, this dividend works out to approximately 1.59%, so look for shares of WRI.PRF to trade 1.59% lower — all else being equal — when WRI.PRF shares open for trading on 6/4/13. On an annualized basis, the current yield is approximately 6.38%, which compares to an average yield of 6.27% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
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