--- title: "Upcoming Dividend Run For PTA?" type: "News" locale: "en" url: "https://longbridge.com/en/news/284231112.md" description: "Cohen & Steers Tax-advantaged Preferred Securities (NYSE: PTA) is set for a potential dividend run ahead of its upcoming ex-dividend date on May 12, 2026, with a dividend of $0.134 per share. Historical data shows that PTA has often experienced capital gains prior to dividend payments, making it a stock to watch for investors interested in dividend strategies. The stock's implied annualized yield is 8.34%." datetime: "2026-04-27T14:00:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284231112.md) - [en](https://longbridge.com/en/news/284231112.md) - [zh-HK](https://longbridge.com/zh-HK/news/284231112.md) --- # Upcoming Dividend Run For PTA? This morning a "Potential Dividend Run Alert" went out for Cohen & Steers Tax-advantaged Preferred Securities (NYSE: PTA), at our DividendChannel.com Dividend Alerts service (a free email alerts feature). Let's look at the situation in greater detail, shall we? First of all, what is a "Dividend Run" anyway? This is an interesting concept which we first learned about at a past ValueForum conference. And to best explain the concept, we need to start with the expected behavior of a stock on its _ex-dividend_ date. For anyone unfamiliar with the term, the _ex-dividend date_ marks the trading day when any buyer of the stock is no longer entitled to the referenced dividend — in other words, to be eligible to receive the dividend in question, one would have had to purchase their shares _before_ the ex-dividend date. All else equal, the stock price would be expected to _drop by the dividend amount_ on that _ex-_date (remember, that's "all else equal" and naturally other factors will drive stocks higher/lower on any given day). But think about it: if a buyer is entitled to a 0.134 dividend _before_ ex-date, but no longer entitled to that amount _on or after_ ex-date, then this drop makes perfect sense! Because if the shares _didn't_ drop by that same 0.134 the next day, then _effectively_, buyers would effectively be paying 0.134 _more_ for the same share of stock. But now think about _this:_ if a stock is expected to _drop_ by the dividend amount (all else equal) _on_ ex-date, then in turn, shouldn't that stock be expected to _rise_ sometime _ahead_ of a dividend? After all, if a dividend-paying stock didn't ever rise and only fell on each and every ex-date, then eventually after enough dividend payments those shares would have fallen to zero. And _that_ wouldn't make _any_ sense for a company continually earning money and paying dividends. So indeed, "sometime" _before_ a given dividend, there should be sort of a built-in "pressure" for a stock to gradually rise in expectation of that next cash dividend... in other words: pressure for the stock to have a potential _Dividend Run_. And notice we put the word "sometime" in quotes in that last sentence, because there are differing views among different dividend investors about _timeframe_ when it comes to capturing Dividend Run effects. Some like to invest (and then also to sell) on specific target dates; others like to employ some form of dollar cost averaging. Some like to invest shortly before ex-div, hold for the dividend, and then sell on or after ex-date (having actually capturing the dividend / received the income). Others like to sell the day _before_ ex-date (the last possible day where the buyer of the shares will still be "paying for" the upcoming dividend) with the idea to try and maximize _capital gain_. In this capital-gain-focused scenario, one common timeframe we've seen discussed, is to buy about two weeks (ten trading days) prior to the targeted sale date. For example, consider the 0.134/share PTA dividend that went "ex-dividend" on 04/14/26. On the prior trading day — the last day where a seller knows that the buyer of their shares will be expecting that dividend amount — shares of PTA closed at 19.14. And two weeks (ten trading days) prior to _that_, on 03/27/26, shares closed at a price of 18.21. That means that in the final two-week run-up to the 0.134 dividend, PTA gained 0.93 in price. Looking back at the last four dividends paid by PTA, this strategy would have captured a capital gain in excess of the dividend 3 out of 4 times, with a "Divvy Run" total of +0.86 in capital gains. Incidentally, that _exceeds_ the sum total _dividend_ amounts across those last four dividends, of 0.536. Here's the data: Ex-Dividend ——Price 2 Weeks Prior—» ——Price 1 Day Prior—» Run Gain/Loss 04/14/26 0.134 03/27/26 18.21 04/13/26 19.14 **+0.93** 03/10/26 0.134 02/23/26 19.68 03/09/26 19.11 **\-0.57** 09/09/25 0.134 08/22/25 20.27 09/08/25 20.52 **+0.25** 08/12/25 0.134 07/28/25 19.90 08/11/25 20.15 **+0.25** Div Total: 0.536 "Divvy Run" Total: **+0.86** In about two weeks from now, Cohen & Steers Tax-advantaged Preferred Securities (NYSE: PTA) will go ex-dividend for its latest dividend of 0.134/share. Will Dividend Run history repeat itself? Upcoming Dividend: 0.134/share Ex-Div Date: 05/12/26 Payment Date: 05/29/26 Dividend Frequency: Monthly Full PTA Dividend History » As the saying goes, past performance is never a guarantee of future returns. But one thing's for sure: for those investors who count Dividend Runs among the tools in their arsenal, PTA is a good dividend stock to know about and have on your radar screen with its implied annualized yield of 8.34%. Stay tuned for future Dividend Run candidates, and if you'd like to receive email alerts right into your inbox, enroll in our free Dividend Alerts feature, courtesy of DividendChannel.com. ##### Also see: • SEC Filing Alerts Service • NWN Historical Stock Prices • Utilities Dividend Stock List The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [PSF.US](https://longbridge.com/en/quote/PSF.US.md) - [PTA.US](https://longbridge.com/en/quote/PTA.US.md) - [CSPF.US](https://longbridge.com/en/quote/CSPF.US.md) - [CSSD.US](https://longbridge.com/en/quote/CSSD.US.md) ## Related News & Research - [3 high-yielding dividend stocks that retirees can rely on for recurring income](https://longbridge.com/en/news/286804054.md) - [PTA-DD: Warimpex Finanz- und Beteiligungs AG: Managers' transactions announcement according to article 19 MAR](https://longbridge.com/en/news/286901864.md) - [PTA-DD: Warimpex Finanz- und Beteiligungs AG: Correction of a Managers' transactions announcement according to article 19 MAR from 19.05.2026](https://longbridge.com/en/news/287058272.md) - [PTA-News: ADX Energy Ltd.: HOCH-1 Well Update](https://longbridge.com/en/news/286730160.md) - [PTA-PVR: Bertrandt AG: Release according to Article 40, Section 1 of the WpHG](https://longbridge.com/en/news/287073890.md)