On 12/27/13, Realty Income Corp.'s 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock (O.PRF) will trade ex-dividend, for its monthly dividend of $0.1380, payable on 1/15/14. As a percentage of O.PRF's recent share price of $23.75, this dividend works out to approximately 0.58%, so look for shares of O.PRF to trade 0.58% lower — all else being equal — when O.PRF shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 6.98%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, O.PRF was trading at a 5.12% discount to its liquidation preference amount. The chart below shows the one year performance of O.PRF shares, versus O:
Below is a dividend history chart for O.PRF, showing historical dividends prior to the most recent $0.1380 on Realty Income Corp.'s 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Realty Income Corp. (O) makes up 4.78% of the iShares Retail Real Estate Capped ETF (RTL) which is trading relatively unchanged on the day Thursday.