Forbes -
1 Apr 2013 19:50

On 4/2/13, CapLease Inc's 8.375% Series B Cumulative Redeemable Preferred Stock (NYSE: LSE.PRB) will trade ex-dividend, for its quarterly dividend of $0.5234, payable on 4/15/13. As a percentage of LSE.PRB's recent share price of $27.27, this dividend works out to approximately 1.92%, so look for shares of LSE.PRB to trade 1.92% lower ? all else being equal ? when LSE.PRB shares open for trading on 4/2/13. On an annualized basis, the current yield is approximately 7.75%, which compares to an ave...
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