Supertel Hospitality Series B Cumulative Preferred Stock About To Put More Money In Your Pocket

On 9/12/13, 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 9/30/13. As a percentage of SPPRO's recent share price of $25.30, this dividend works out to approximately 2.47%, so look for shares of SPPRO to trade 2.47% lower -- all else being equal -- when SPPRO shares open for trading on 9/12/13. On an annualized basis, the current yield is approximately 9.86%, which compares to an average ...