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Boston Properties' Series B Preferred Stock Shares Cross 5.5% Yield Mark


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In trading on Thursday, shares of Boston Properties Inc's 5.25% Series B Cumulative Redeemable Preferred Stock (Symbol: BXP.PRB) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $23.80 on the day. This compares to an average yield of 6.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, BXP.PRB was trading at a 2.40% discount to its liquidation preference amount, versus the average premium of 27.73% in the "Real Estate" category.

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

Performance Comparison Chart

Below is a dividend history chart for BXP.PRB, showing historical dividend payments on Boston Properties Inc's 5.25% Series B Cumulative Redeemable Preferred Stock:

BXP.PRB+Dividend+History+Chart

In Thursday trading, Boston Properties Inc's 5.25% Series B Cumulative Redeemable Preferred Stock (Symbol: BXP.PRB) is currently off about 1.3% on the day, while the common shares (Symbol: BXP) are up about 0.8%.

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
Referenced Symbols: BXP.PRB , BXP



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