Cash Dividend On The Way From SL Green Realty Corp.'s Series I Cumulative Redeemable Preferred Stock

On 9/26/13, SL Green Realty Corp.'s 6.50% Series I Cumulative Redeemable Preferred Stock (NYSE: SLG.PRI) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 10/15/13. As a percentage of SLG.PRI's recent share price of $23.26, this dividend works out to approximately 1.75%, so look for shares of SLG.PRI to trade 1.75% lower -- all else being equal -- when SLG.PRI shares open for trading on 9/26/13. On an annualized basis, the current yield is approximately 7.00%, which compa...