Cash Dividend On The Way From American Homes 4 Rent's Series A Participating Preferred Shares

On 9/11/14, American Homes 4 Rent’s 5.000% Series A participating preferred shares of beneficial interest (NYSE: AMH.PRA) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 9/30/14. As a percentage of AMH.PRA’s recent share price of $24.75, this dividend works out to approximately 1.26%, so look for shares of AMH.PRA to trade 1.26% lower — all else being equal — when AMH.PRA shares open for trading on 9/11/14. On an annualized basis, the current yield is approximately 5.02%, which compares to an average yield of 6.93% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
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Source: Markets