Corporate Office Properties Trust's 7.375% Series L Cumulative Preferred Shares Crosses Above 7.5% Yield Territory

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:

Performance Comparison Chart

Below is a dividend history chart for OFC.PRL, showing historical dividend payments on Corporate Office Properties Trust's 7.375% Series L Cumulative Preferred Shares:

OFC.PRL+Dividend+History+Chart

In Friday trading, Corporate Office Properties Trust's 7.375% Series L Cumulative Preferred Shares ( OFC.PRL) is currently off about 0.8% on the day, while the common shares ( OFC) are off about 1.2%.