On 6/11/14, Brookfield Office Properties Inc's Class AAA Preference Shares, Series R (TSX: BPO-PRR.TO ) will trade ex-dividend, for its quarterly dividend of $0.3187, payable on 6/30/14. As a percentage of BPO.PRR's recent share price of $25.45, this dividend works out to approximately 1.25%, so look for shares of BPO.PRR to trade 1.25% lower - all else being equal - when BPO.PRR shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 5.02%.
As of last close, BPO.PRR was trading at a 1.56% 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.PRR shares, versus BPO:
Below is a dividend history chart for BPO.PRR, showing historical dividends prior to the most recent $0.3187 on Brookfield Office Properties Inc's Class AAA Preference Shares, Series R:
In Monday trading, Brookfield Office Properties Inc's Class AAA Preference Shares, Series R (TSX: BPO-PRR.TO ) is currently up about 0.2% 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
