Cash Dividend On The Way From Post Properties Series A Cumulative Redeemable Preferred Shares

On 9/12/13, 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 9/30/13. As a percentage of PPS.PRA's recent share price of $63.10, this dividend works out to approximately 1.68%, so look for shares of PPS.PRA to trade 1.68% lower -- all else being equal -- when PPS.PRA shares open for trading on 9/12/13. On an annualized basis, the current yield is approximately 6.74%, which comp...