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Corporate Office Properties Trust's Series L Cumulative Preferred Shares Goes Ex-Dividend Soon

On 9/28/15, Corporate Office Properties Trust's 7.375% Series L Cumulative Preferred Shares (Symbol: OFC.PRL) will trade ex-dividend, for its quarterly dividend of $0.4609, payable on 10/15/15. As a percentage of OFC.PRL's recent share price of $25.55, this dividend works out to approximately 1.80%, so look for shares of OFC.PRL to trade 1.80% lower - all else being equal - when OFC.PRL shares open for trading on 9/28/15. On an annualized basis, the current yield is approximately 7.16%, which compares to an average yield of 7.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of OFC.PRL shares, versus OFC:

Performance Comparison Chart

Below is a dividend history chart for OFC.PRL, showing historical dividends prior to the most recent $0.4609 on Corporate Office Properties Trust's 7.375% Series L Cumulative Preferred Shares:

OFC.PRL+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Corporate Office Properties Trust (Symbol: OFC) makes up 1.11% of the PowerShares S&P MidCap Low Volatility Portfolio ETF ( XMLV ) which is trading lower by about 0.8% on the day Thursday.

In Thursday trading, Corporate Office Properties Trust's 7.375% Series L Cumulative Preferred Shares (Symbol: OFC.PRL) is currently off about 0.9% on the day, while the common shares (Symbol: OFC) are down about 1.6%.

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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