Credit: Shutterstock photoOn 3/30/15, Realty Income Corp.'s 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock (Symbol: O.PRF) will trade ex-dividend, for its monthly dividend of $0.1380, payable on 4/15/15. As a percentage of O.PRF's recent share price of $26.72, this dividend works out to approximately 0.52%, so look for shares of O.PRF to trade 0.52% lower - all else being equal - when O.PRF shares open for trading on 3/30/15. On an annualized basis, the current yield is approximately 6.18%, which compares to an average yield of 6.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of O.PRF shares, versus O:
Below is a dividend history chart for O.PRF, showing historical dividends prior to the most recent $0.1380 on Realty Income Corp.'s 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Realty Income Corp. (Symbol: O) makes up 2.68% of the iShares Cohen & Steers REIT ETF ( ICF ) which is trading lower by about 0.3% on the day Thursday.
In Thursday trading, Realty Income Corp.'s 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock (Symbol: O.PRF) is currently down about 0.4% on the day, while the common shares (Symbol: O) are down about 0.8%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
