In trading on Friday, shares of Corporate Office Properties Trust's 7.375% Series L Cumulative Preferred Shares (OFC.PRL) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.8436), with shares changing hands as low as $24.33 on the day. This compares to an average yield of 7.65% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, OFC.PRL was trading at a 1.04% discount to its liquidation preference amount, versus the average discount of 4.93% in the "Real Estate" category.The chart below shows the one year performance of OFC.PRL shares, versus OFC:
Corporate Office Properties Trust's 7.375% Series L Cumulative Preferred Shares Crosses Above 7.5% Yield Territory
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