Essex Property Trust Series H Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 12/30/14, Essex Property Trust, Inc.'s 7.125% Series H Cumulative Redeemable Preferred Stock (NYSE: ESS.PRH) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 1/15/15. As a percentage of ESS.PRH's recent share price of $26.53, this dividend works out to approximately 1.68%, so look for shares of ESS.PRH to trade 1.68% lower — all else being equal — when ESS.PRH shares open for trading on 12/30/14. On an annualized basis, the current yield is approximately 6.72%, wh...