Cash Dividend On The Way From iStar Financial's Series F Cumulative Redeemable Preferred Stock

On 5/29/13, iStar Financial Inc's 7.8% Series F Cumulative Redeemable Preferred Stock (NYSE: SFI.PRF) will trade ex-dividend, for its quarterly dividend of $0.4875, payable on 6/17/13. As a percentage of SFI.PRF's recent share price of $25.30, this dividend works out to approximately 1.93%, so look for shares of SFI.PRF to trade 1.93% lower -- all else being equal -- when SFI.PRF shares open for trading on 5/29/13. On an annualized basis, the current yield is approximately 7.73%, which compares ...