Cash Dividend On The Way From Excel Trust Series B Cumulative Redeemable Preferred Stock

On 9/26/13, Excel Trust Inc.'s 8.125% Series B Cumulative Redeemable Preferred Stock (NYSE: EXL.PRB) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 10/15/13. As a percentage of EXL.PRB's recent share price of $25.75, this dividend works out to approximately 1.97%, so look for shares of EXL.PRB to trade 1.97% lower -- all else being equal -- when EXL.PRB shares open for trading on 9/26/13. On an annualized basis, the current yield is approximately 7.89%, which compares ...