Duke Realty Corp.'s Series L Cumulative Redeemable Preferred Share Goes Ex-Dividend Soon

On 5/14/13, Duke Realty Corp.'s 6.6% Series L Cumulative Redeemable Preferred Share (NYSE: DRE.PRL) will trade ex-dividend, for its quarterly dividend of $0.4125, payable on 5/31/13. As a percentage of DRE.PRL's recent share price of $25.65, this dividend works out to approximately 1.61%, so look for shares of DRE.PRL to trade 1.61% lower -- all else being equal -- when DRE.PRL shares open for trading on 5/14/13. On an annualized basis, the current yield is approximately 6.44%, which compares to...