Cash Dividend On The Way From Campus Crest Communities Series A Cumulative Redeemable Preferred Stock

On 9/23/13, Campus Crest Communities, Inc.'s 8.00% Series A Cumulative Redeemable Preferred Stock (NYSE: CCG.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 10/15/13. As a percentage of CCG.PRA's recent share price of $25.92, this dividend works out to approximately 1.93%, so look for shares of CCG.PRA to trade 1.93% lower -- all else being equal -- when CCG.PRA shares open for trading on 9/23/13. On an annualized basis, the current yield is approximately 7.64%, whic...