Brookfield Office Properties Class AAA Preference Shares, Series J About To Put More Money In Your Pocket

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On 3/12/14, Brookfield Office Properties Inc's Class AAA Preference Shares, Series J (TSX: BPO-PRJ.TO ) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 3/31/14. As a percentage of BPO.PRJ's recent share price of $25.31, this dividend works out to approximately 1.23%, so look for shares of BPO.PRJ to trade 1.23% lower - all else being equal - when BPO.PRJ shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 4.94%.

As of last close, BPO.PRJ was trading at a 1.24% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible . The chart below shows the one year performance of BPO.PRJ shares, versus BPO:

Performance Comparison Chart

Below is a dividend history chart for BPO.PRJ, showing historical dividends prior to the most recent $0.3125 on Brookfield Office Properties Inc's Class AAA Preference Shares, Series J:

BPO.PRJ+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Brookfield Office Properties Inc (TSX: BPO.TO ) makes up 1.16% of the SPDR Dow Jones International Real Estate ETF ( RWX ) which is trading relatively unchanged on the day Monday.

In Monday trading, Brookfield Office Properties Inc's Class AAA Preference Shares, Series J (TSX: BPO-PRJ.TO ) is currently trading flat on the day, while the common shares (TSX: BPO.TO ) are trading flat.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas

Referenced Stocks: RWX

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