In trading on Thursday, shares of Realty Income Corp.'s 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock (O.PRE) were yielding above the 7% mark based on its monthly dividend (annualized to $1.6875), with shares changing hands as low as $23.98 on the day. This compares to an average yield of 7.79% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, O.PRE was trading at a 2.20% discount to its liquidation preference amount, versus the average discount of 6.49% in the "Real Estate" category.
Realty Income's Class E Preferred Stock Shares Cross 7% Yield Mark
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