Cash Dividend On The Way From Boston Properties Series B Cumulative Redeemable Preferred Stock

On 8/1/13, Boston Properties, Inc.'s 5.25% Series B Cumulative Redeemable Preferred Stock (NYSE: BXP.PRB) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 8/15/13. As a percentage of BXP.PRB's recent share price of $24.38, this dividend works out to approximately 1.35%, so look for shares of BXP.PRB to trade 1.35% lower -- all else being equal -- when BXP.PRB shares open for trading on 8/1/13. On an annualized basis, the current yield is approximately 5.39%, which compar...