Cash Dividend On The Way From Realty Income Corp.'s 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock

On 1/29/14, 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 2/18/14. As a percentage of O.PRE's recent share price of $24.85, this dividend works out to approximately 0.57%, so look for shares of O.PRE to trade 0.57% lower — all else being equal — when O.PRE shares open for trading on 1/29/14. On an annualized basis, the current yield is approximately 6.75%, which compares to an average yield of 7.64% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, O.PRE was trading at a 0.00% premium to its liquidation preference amount. The chart below shows the one year performance of O.PRE shares, versus O:

Performance Comparison Chart

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:

O.PRE+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Realty Income Corp. ( O) makes up 5.12% of the iShares Retail Real Estate Capped ETF (RTL) which is trading relatively unchanged on the day Monday.

In Monday trading, Realty Income Corp.'s 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock ( O.PRE) is currently down about 0.6% on the day, while the common shares ( O) are trading flat.

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