SL Green Realty Corp.'s Series I Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 12/30/14, 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 1/15/15. As a percentage of SLG.PRI's recent share price of $25.50, this dividend works out to approximately 1.59%, so look for shares of SLG.PRI to trade 1.59% lower — all else being equal — when SLG.PRI shares open for trading on 12/30/14. On an annualized basis, the current yield is approximately 6.35%, which co...