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Cash Dividend On The Way From Realty Income Corp's 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock

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Shutterstock photo

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On 10/28/16, Realty Income Corp's 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock (Symbol: O.PRF) will trade ex-dividend, for its monthly dividend of $0.1380, payable on 11/15/16. As a percentage of O.PRF's recent share price of $25.90, this dividend works out to approximately 0.53%, so look for shares of O.PRF to trade 0.53% lower - all else being equal - when O.PRF shares open for trading on 10/28/16. On an annualized basis, the current yield is approximately 6.39%, which compares to an average yield of 6.80% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of O.PRF shares, versus O:

Performance Comparison Chart

Below is a dividend history chart for O.PRF, showing historical dividends prior to the most recent $0.1380 on Realty Income Corp's 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock:

O.PRF+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Realty Income Corp (Symbol: O) makes up 3.58% of the Guggenheim S&P 500 Equal Weight Real Estate ETF ( EWRE ) which is trading lower by about 0.9% on the day Wednesday.

In Wednesday trading, Realty Income Corp's 6.625% Monthly Income Class F Cumulative Redeemable Preferred Stock (Symbol: O.PRF) is currently off about 0.1% on the day, while the common shares (Symbol: O) are off about 1.9%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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


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

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