On 4/29/14, Realty Income Corp.'s 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock (O.PRE) will trade ex-dividend, for its monthly dividend of $0.1406, payable on 5/15/14. As a percentage of O.PRE's recent share price of $25.29, this dividend works out to approximately 0.56%, so look for shares of O.PRE to trade 0.56% lower — all else being equal — when O.PRE shares open for trading on 4/29/14. On an annualized basis, the current yield is approximately 6.69%, which compares to an average yield of 7.22% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Realty Income Corp.'s 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon
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