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 Nasdaq, Inc.



This article appears in: Investing , Investing Ideas


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