Supertel Hospitality Series B Cumulative Preferred Stock Goes Ex-Dividend Soon

On 6/13/13, Supertel Hospitality Inc's 10.0% Series B Cumulative Preferred Stock (NASD: SPPRO) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 7/1/13. As a percentage of SPPRO's recent share price of $25.86, this dividend works out to approximately 2.42%, so look for shares of SPPRO to trade 2.42% lower -- all else being equal -- when SPPRO shares open for trading on 6/13/13. On an annualized basis, the current yield is approximately 9.67%, which compares to an average y...