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.As of last close, LXP.PRC was trading at a 5.74% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.8643. The chart below shows the one year performance of LXP.PRC shares, versus LXP: Below is a dividend history chart for LXP.PRC, showing historical dividends prior to the most recent $0.8125 on Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock: In Thursday trading, Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock ( LXP.PRC) is currently up about 0.6% on the day, while the common shares ( LXP) are trading flat.