Forbes -
1 Apr 2013 19:50

On 4/2/13, CapLease Inc's 8.125% Series A Cumulative Redeemable Preferred Stock (NYSE: LSE.PRA) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 4/15/13. As a percentage of LSE.PRA's recent share price of $25.61, this dividend works out to approximately 1.98%, so look for shares of LSE.PRA to trade 1.98% lower ? all else being equal ? when LSE.PRA shares open for trading on 4/2/13. On an annualized basis, the current yield is approximately 7.94%, which compares to an ave...
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