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

On 6/26/15, 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 7/15/15. As a percentage of SHO.PRD's recent share price of $26.36, this dividend works out to approximately 1.90%, so look for shares of SHO.PRD to trade 1.90% lower — all else being equal — when SHO.PRD shares open for trading on 6/26/15. On an annualized basis, the current yield is approximately 7.60%, which ...