Sun Communities Series A Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 9/30/13, Sun Communities, Inc.'s 7.125% Series A Cumulative Redeemable Preferred Stock (NYSE: SUI.PRA) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 10/15/13. As a percentage of SUI.PRA's recent share price of $25.00, this dividend works out to approximately 1.78%, so look for shares of SUI.PRA to trade 1.78% lower -- all else being equal -- when SUI.PRA shares open for trading on 9/30/13. On an annualized basis, the current yield is approximately 7.12%, which comp...