On 12/29/14, 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 1/15/15. As a percentage of O.PRF's recent share price of $26.48, 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 12/29/14. On an annualized basis, the current yield is approximately 6.24%, which compares to an average yield of 6.93% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, O.PRF was trading at a 6.20% premium to its liquidation preference amount, versus the average premium of 2.09% in the "Real Estate" category.
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 ETFChannel.com, Realty Income Corp. (NYSE: O) makes up 2.69% of the iShares Cohen & Steers REIT ETF (ICF) which is trading relatively unchanged on the day Friday.
In Friday trading, Realty Income Corp.'s 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock (NYSE: O.PRF) is currently down about 0.3% on the day, while the common shares (NYSE: O) are off about 0.3%.
