Sunstone Hotel Investors Series D Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 9/26/13, Sunstone Hotel Investors Inc's 8.0% Series D Cumulative Redeemable Preferred Stock (NYSE: SHO.PRD) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 10/15/13. As a percentage of SHO.PRD's recent share price of $25.63, this dividend works out to approximately 1.95%, so look for shares of SHO.PRD to trade 1.95% lower -- all else being equal -- when SHO.PRD shares open for trading on 9/26/13. On an annualized basis, the current yield is approximately 7.83%, which c...