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Boston Properties' Series B Preferred Stock Yield Pushes Past 5.5%


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In trading on Tuesday, 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 $23.70 on the day. This compares to an average yield of 7.02% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, BXP.PRB was trading at a 3.44% discount to its liquidation preference amount, versus the average premium of 22.84% 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 Tuesday 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 0.6%.

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
Referenced Symbols: BXP.PRB , BXP


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