Ex Div Reminder For Artis Real Estate Investment Trust\'s Preferred Units, Series C

On 9/28/21, Artis Real Estate Investment Trust's Preferred Units, Series C (TSX: AX-PRE.TO) will trade ex-dividend, for its quarterly dividend of $0.342, payable on 9/29/21. As a percentage of AX.PRE's recent share price of $23.70, this dividend works out to approximately 1.44%, so look for shares of AX.PRE to trade 1.44% lower — all else being equal — when AX.PRE shares open for trading on 9/28/21. On an annualized basis, the current yield is approximately 5.75%.

As of last close, AX.PRE was trading at a 4.88% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible. The chart below shows the one year performance of AX.PRE shares, versus AX.UN:

Performance Comparison Chart

Below is a dividend history chart for AX.PRE, showing historical dividends prior to the most recent $0.342 on Artis Real Estate Investment Trust's Preferred Units, Series C:

AX.PRE+Dividend+History+Chart

In Friday trading, Artis Real Estate Investment Trust's Preferred Units, Series C (TSX: AX-PRE.TO) is currently off about 0.3% on the day, while the common shares (TSX: AX-UN.TO) are off about 0.3%.

Source : https://www.nasdaq.com/articles/ex-div-reminder-for-artis-real-estate-investment-trusts-preferred-units-series-c-2021-09

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