Realty Income Corp.'s 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

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.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, O.PRE was trading at a 0.96% 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 4.91% of the iShares Retail Real Estate Capped ETF (RTL) which is trading relatively unchanged on the day Friday.

In Friday trading, Realty Income Corp.'s 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock ( O.PRE) is currently up about 0.2% on the day, while the common shares ( O) are up about 0.1%.

More from Stocks

Abercrombie & Fitch CEO: We Aren't the Same Abercrombie You Once Knew

Abercrombie & Fitch CEO: We Aren't the Same Abercrombie You Once Knew

Amazon Wants to Use Your Car as a Mobile Warehouse - Here's What That Could Mean

Amazon Wants to Use Your Car as a Mobile Warehouse - Here's What That Could Mean

Chipotle's New CEO Has Set its Path for Redemption

Chipotle's New CEO Has Set its Path for Redemption

TheStreet Is About to Hold the BEST Institutional Investor Conference of 2018

TheStreet Is About to Hold the BEST Institutional Investor Conference of 2018

Twitter's Turnaround Continues but Investors Don't Seem Entirely Convinced

Twitter's Turnaround Continues but Investors Don't Seem Entirely Convinced