First Potomac Realty Trust's Series A Cumulative Redeemable Perpetual Preferred Shares Cross 7.5% Yield Mark

In trading on Tuesday, shares of First Potomac Realty Trust's 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares (FPO.PRA) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9375), with shares changing hands as low as $25.56 on the day. This compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, FPO.PRA was trading at a 3.44% premium to its liquidation preference amount, versus the average premium of 2.07% in the "Real Estate" category.

The chart below shows the one year performance of FPO.PRA shares, versus FPO:

Performance Comparison Chart

Below is a dividend history chart for FPO.PRA, showing historical dividend payments on First Potomac Realty Trust's 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares:

FPO.PRA+Dividend+History+Chart

In Tuesday trading, First Potomac Realty Trust's 7.750% Series A Cumulative Redeemable Perpetual Preferred Shares ( FPO.PRA) is currently down about 0.8% on the day, while the common shares ( FPO) are up about 0.5%.

More from Stocks

Stocks Rise as Bond Yields Inch Closer to 3% Threshold

Stocks Rise as Bond Yields Inch Closer to 3% Threshold

Should You Invest In DowDuPont Now?

Should You Invest In DowDuPont Now?

Newell Settles With Starboard, Adds 3 Directors While Keeping Icahn Happy Too

Newell Settles With Starboard, Adds 3 Directors While Keeping Icahn Happy Too

Should You Fear Earnings From Mega-Cap Tech Names Like Google and Microsoft?

Should You Fear Earnings From Mega-Cap Tech Names Like Google and Microsoft?

Why the Stock Market Won't Crash When 10-Year Yields Smash Through 3%

Why the Stock Market Won't Crash When 10-Year Yields Smash Through 3%