Friday, May 17, 2013

iStar Financial Declares Preferred Dividends

Financial services specialist iStar Financial   (NYSE: SFI  ) announced yesterday that it was paying dividends on six series of preferred stock, payable on June 17 to the holders of record at the close of business on June 1.

The various series of preferred stock, all have a liquidation preference of $25, and their payouts are as follows:

8.00% Series D - $0.50 per share 7.875% Series E - $0.492188 per share 7.80% Series F - $0.4875 per share 7.65% Series G-$0.478125 per share 7.50% Series I - $0.46875 per share 4.50% Series J - $0.55 per share
The dividend for the Series J Preferred Stock is pro-rated this quarter to reflect the partial period since it was issued on March 18. For the full-quarterly period, the regular dividend on the Series J preferred stock would be calculated at $0.5625 per share.
More Expert Advice from The Motley Fool
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.

No comments:

Post a Comment