On 4/28/14, Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock (LXP.PRC) will trade ex-dividend, for its quarterly dividend of $0.8125, payable on 5/15/14. As a percentage of LXP.PRC's recent share price of $47.39, this dividend works out to approximately 1.71%, so look for shares of LXP.PRC to trade 1.71% lower — all else being equal — when LXP.PRC shares open for trading on 4/28/14. On an annualized basis, the current yield is approximately 6.90%, which compares to an average yield of 7.22% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock
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