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Ex-Div Reminder for Crown Castle International Corp's 6.875% Mandatory Convertible Preferred Stock, Series A

By Preferred Stock Channel Staff, Wednesday, October 9, 1:37 PM ET

On 10/11/19, Crown Castle International Corp's 6.875% Mandatory Convertible Preferred Stock, Series A (NYSE:CCI.PRA) will trade ex-dividend, for its quarterly dividend of $17.1875, payable on 11/1/19. As a percentage of CCI.PRA's recent share price of $1248.75, this dividend works out to approximately 1.38%, so look for shares of CCI.PRA to trade 1.38% lower — all else being equal — when CCI.PRA shares open for trading on 10/11/19. On an annualized basis, the current yield is approximately 5.48%, which compares to an average yield of 6.59% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

As of last close, CCI.PRA was trading at a 4895.00% premium to its liquidation preference amount, versus the average premium of 40.69% in the "Real Estate" category. The chart below shows the one year performance of CCI.PRA shares, versus CCI:

Performance Comparison Chart

Below is a dividend history chart for CCI.PRA, showing historical dividends prior to the most recent $17.1875 on Crown Castle International Corp's 6.875% Mandatory Convertible Preferred Stock, Series A:


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In Wednesday trading, Crown Castle International Corp's 6.875% Mandatory Convertible Preferred Stock, Series A (NYSE:CCI.PRA) is currently up about 0.4% on the day, while the common shares (NYSE:CCI) are up about 0.4%.


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