On 5/28/14, 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 6/16/14. As a percentage of O.PRE's recent share price of $25.37, this dividend works out to approximately 0.55%, so look for shares of O.PRE to trade 0.55% lower — all else being equal — when O.PRE shares open for trading on 5/28/14. On an annualized basis, the current yield is approximately 6.66%, which compares to an average yield of 7.16% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, O.PRE was trading at a 1.40% premium to its liquidation preference amount, versus the average premium of 1.03% in the "Real Estate" category. The chart below shows the one year performance of O.PRE shares, versus O:
Below is a dividend history chart for O.PRE, showing historical dividends prior to the most recent $0.1406 on Realty Income Corp.'s 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Realty Income Corp. (O) makes up 4.82% of the iShares Retail Real Estate Capped ETF (RTL) which is trading relatively unchanged on the day Tuesday.