iStar Financial, a commercial financial REIT, will pay a regular quarterly dividend of $0.870 on Dec 31st to holders as of Thursday, December 13. That’s 2.9% of the share price of $29.790, or a 12% annual yield.

Gramercy Capital, a commercial mortgage REIT, will pay a special dividend of $2.630 on Jan 15th to holders as of Thursday, December 27. That’s 10.3% of the share price of $25.500. The special dividend was pre-anounced following the sale of Gramercy�s 45% interest in a Manhattan property. It also includes a 63c regular dividend.

Dominion Resources Black Warrior Trust, a natural gas trust, will pay a regular quarterly dividend of $0.603 on Dec 7th if you own the stock at market opening on Tuesday, November 27. That’s 2.8% of the share price of $21.392, or a 11% annual yield. 5 cents lower than last quarter.

Allied Capital will pay a regular quarterly dividend of $0.720 on Dec 27th if you own the stock at market opening on Wednesday, December 12 (taxed as earning dividend). That’s 2.9% of the share price of $25.020, or a 12% annual yield. The dividend includes a 65c regular dividend, plus a 7c one-time dividend stemming from 2006 spillover taxable income.

Redwood Trust, a financial REIT, will pay a special dividend of $2.000 on Dec 7th to holders as of Thursday, November 22. That’s 6.9% of the share price of $28.920. Redwood’s 2007 dividend will be mostly taxed as earning dividend, with the balance as return of capital dividend. The company will distribute information on the tax composition of its 2007 dividends in January. RWT already paid two $3 per share dividend last year. The company also set a fourth quarter regular cash dividend of 75 cents a share, payable on Jan. 22, exdiv on Dec. 27. RWT is extending its buyback program and just announced a much smaller lost than feared.

McDonald\’s will pay a regular yearly dividend of $1.500 on Dec 3rd if you own the stock at market opening on Tuesday, November 13 (taxed as earning dividend). That’s 2.5% of the share price of $59.000. This is 50% higher than the Company\\\’s 2006 dividend of $1.00 per share.

Koss Corp will pay a special dividend of $1.000 on Dec 17th if you own the stock at market opening on Wednesday, November 14. That’s 5.6% of the share price of $17.760.

Diamond Offshore Drilling, an Oil and Gas drilling and exploration company, will pay a special dividend of $1.375 on Dec 3rd if you own the stock at market opening on Wednesday, October 31. This includes the regular dividend of $0.125 per share. DO is now considering paying special cash dividends, in amounts to be determined, on a quarterly basis, rather than annually. Earlier this year the company paid a one-time special dividend of $4.

Frontline, an oil tanker shipping company, will pay a special dividend of $1.750 on Oct 24th if you own the stock at market opening on Wednesday, October 10. That’s 3.5% of the share price of $50.010. This follows the sale of FRO 16.55 pct stake in heavy lift spin-off Dockwise. Frontline will announce the tax treatment of this dividend shortly at http://www.frontline.bm/IR/tax_treatment.shtml. This interim dividend will, in combination with the relative weak spot market in the third quarter, reduce the normal dividend for third quarter of 2007.

Sun Communities, a residential REIT, will pay a regular quarterly dividend of $0.630 on Oct 22nd to holders as of Wednesday, October 10. That’s 2.1% of the share price of $29.570, or a 9% annual yield. Dividend is flat over last quarter… quite an achievement for a real-estate company those days. Their strategy of converting the renters at its communities to buyers upon the completion of the leases is cushioning SUI from the housing slowdown.

iStar Financial, a commercial financial REIT, will pay a regular quarterly dividend of $0.825 on Oct 29th to holders as of Thursday, October 11. That’s 2.6% of the share price of $31.940, or a 10% annual yield.

Tsakos Energy Navigation will pay a regular semi-annual dividend of $1.650 on Oct 26th to holders as of Thursday, October 18. That’s 2.3% of the share price of $70.410, equivalent to a 5% yearly yield. The divided is up from the prior semi-annual dividend of $1.50 per share. TNP strong charter coverage, widespread newbuilding programme and well-balanced mix of crude and product carriers are likely to help the company to withstand any volatility in rates in the near term.

Datascope, a medical devices manufacturer, will pay a special dividend of $1.100 on Oct 15th if you own the stock at market opening on Thursday, September 27. That’s 3.2% of the share price of $34.420. $1/share is a special dividend, with the remaining 10c/share being the company\’s regular quarterly dividend. The amount of the special dividend approximates the net proceeds received by the Company from the sale of the Company\’s investment in Masimo Corporation following that company\’s initial public offering in August 2007.

Newcastle Investment, a diversified REIT, will pay a regular quarterly dividend of $0.720 on Oct 30th to holders as of Thursday, September 27. That’s 3.6% of the share price of $19.810, or a 15% annual yield.

Chicago-based Corus Bankshares will pay a regular quarterly dividend of $0.250 on 10/9 if you own the stock at market opening on 9/24. In spite of weaker Q2 results and overall loan quality, Corus is still well capitalized. The holding company’s stock price has plummeted along with condominium loan quality (Stock trades 14% below its 50 days moving average and 21% below its 200 days moving average).

There may be some longer term buying opportunity here as the quarterly dividend does not seem under threat. I’d would still edge with an October Put around strike price in case the slide continues before ex-div. Corus also paid a 5 percent special dividend in August, and is considering more special cash dividends before December 2010, when tax rates on dividends will rise from their current 15 percent level.