Post Properties Series A Cumulative Redeemable Preferred Shares About To Put More Money In Your Pocket

On 6/13/13, Post Properties, Inc.'s 8 1/2% Series A Cumulative Redeemable Preferred Shares (NYSE: PPS.PRA) will trade ex-dividend, for its quarterly dividend of $1.0625, payable on 7/1/13. As a percentage of PPS.PRA's recent share price of $66.20, this dividend works out to approximately 1.60%, so look for shares of PPS.PRA to trade 1.60% lower -- all else being equal -- when PPS.PRA shares open for trading on 6/13/13. On an annualized basis, the current yield is approximately 6.53%, which compa...