Boston Properties Series B Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 11/3/14, Boston Properties , Inc.'s 5.25% Series B Cumulative Redeemable Preferred Stock (NYSE: BXP.PRB) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 11/17/14. As a percentage of BXP.PRB's recent share price of $24.40, this dividend works out to approximately 1.34%, so look for shares of BXP.PRB to trade 1.34% lower — all else being equal — when BXP.PRB shares open for trading on 11/3/14. On an annualized basis, the current yield is approximately 5.41%, which compares to an average yield of 6.93% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, BXP.PRB was trading at a 2.96% discount to its liquidation preference amount, versus the average premium of 1.49% in the "Real Estate" category.

The chart below shows the one year performance of BXP.PRB shares, versus BXP:

Below is a dividend history chart for BXP.PRB, showing historical dividends prior to the most recent $0.3281 on Boston Properties, Inc.'s 5.25% Series B Cumulative Redeemable Preferred Stock:

According to the ETF Finder at ETFChannel.com, Boston Properties, Inc. (NYSE: BXP) makes up 5.03% of the iShares Cohen & Steers REIT ETF (ICF) which is trading up by about 0.1% on the day Thursday.

In Thursday trading, Boston Properties, Inc.'s 5.25% Series B Cumulative Redeemable Preferred Stock (NYSE: BXP.PRB) is currently up about 0.6% on the day, while the common shares (NYSE: BXP) are down about 0.3%.