Strategic Hotels & Resorts Series A Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 9/11/13, 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 9/30/13. As a percentage of BEE.PRA's recent share price of $23.40, this dividend works out to approximately 2.27%, so look for shares of BEE.PRA to trade 2.27% lower -- all else being equal -- when BEE.PRA shares open for trading on 9/11/13. On an annualized basis, the current yield is approximately 9.11%, w...