EPR Properties Announces Ex-Dividend Date for Preferred Shares

EPR Properties's 9.00% Series E preferred shares to go ex-dividend on 12/31/24, impacting share prices. Investors should anticipate a 2% drop in EPR.PRE shares at market open.

Date: 31-12-2024

AI Rating: 6

Dividend Announcement and Impact
On 12/31/24, EPR Properties's 9.00% Series E Cumulative Convertible Preferred Shares (EPR.PRE) will trade ex-dividend with a quarterly dividend of $0.5625. This upcoming dividend is significant as it will lead to a projected 2% drop in share prices when market opens that day, based on EPR.PRE's recent share price of $28.13.

The dividend yield at approximately 7.96% is favorable when compared to the average yield of 7.89% in the Real Estate preferred stock category, suggesting that EPR.PRE remains an attractive option for income-focused investors.

Market Performance
On the day of reporting, both EPR.PRE and the common shares (EPR) are noted to be slightly down by about 0.4%. This minor decline may not significantly affect investors’ sentiment but indicates some market fluctuation surrounding the announcement.

Stocks: EPR