Cash Dividend On The Way From Strategic Hotels & Resorts Series A Cumulative Redeemable Preferred Stock

On 6/12/13, Strategic Hotels & Resorts, Inc.'s 8.50% Series A Cumulative Redeemable Preferred Stock (NYSE: BEE.PRA) will trade ex-dividend, for its quarterly dividend of $0.5312, payable on 7/1/13. As a percentage of BEE.PRA's recent share price of $25.16, this dividend works out to approximately 2.11%, so look for shares of BEE.PRA to trade 2.11% lower -- all else being equal -- when BEE.PRA shares open for trading on 6/12/13. On an annualized basis, the current yield is approximately 8.44%, wh...