Realty Income Corp.'s Monthly Income Class F Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 9/29/14, Realty Income Corp.’s 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock (NYSE: O.PRF) will trade ex-dividend, for its monthly dividend of $0.1380, payable on 10/15/14. As a percentage of O.PRF’s recent share price of $26.06, this dividend works out to approximately 0.53%, so look for shares of O.PRF to trade 0.53% lower — all else being equal — when O.PRF shares open for trading on 9/29/14. On an annualized basis, the current yield is approximately 6.38%, which compares to an average yield of 6.96% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
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Source: Markets