On 1/29/13, Kilroy Realty Corp's 6.375% Series H Cumulative Redeemable Preferred Stock ( NYSE: KRC.PRH ) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 2/15/13. As a percentage of KRC.PRH's recent share price of $25.59, this dividend works out to approximately 1.56%, so look for shares of KRC.PRH to trade 1.56% lower — all else being equal — when KRC.PRH shares open for trading on 1/29/13. On an annualized basis, the current yield is approximately 6.23%, which compares to an average yield of 6.62% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.