Cash Dividend On The Way From EPR Properties's 9.00% Series E Cumulative Convertible Preferred SharesBy Preferred Stock Channel Staff, Monday, September 27, 1:33 PM ETOn 9/29/21, EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares (NYSE:EPR.PRE) will trade ex-dividend, for its quarterly dividend of $0.5625, payable on 10/15/21. As a percentage of EPR.PRE's recent share price of $37.25, this dividend works out to approximately 1.51%, so look for shares of EPR.PRE to trade 1.51% lower — all else being equal — when EPR.PRE shares open for trading on 9/29/21. On an annualized basis, the current yield is approximately 6.11%, which compares to an average yield of 6.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, EPR.PRE was trading at a 47.24% premium to its liquidation preference amount, versus the average premium of 5.50% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 0.4512. The chart below shows the one year performance of EPR.PRE shares, versus EPR:
Below is a dividend history chart for EPR.PRE, showing historical dividends prior to the most recent $0.5625 on EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares: Free Report: Top 7%+ Dividends (paid monthly)
In Monday trading, EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares (NYSE:EPR.PRE) is currently up about 1.2% on the day, while the common shares (NYSE:EPR) are up about 2%.
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