On 7/30/20, Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock (Symbol: LXP.PRC) will trade ex-dividend, for its quarterly dividend of $0.8125, payable on 8/17/20. As a percentage of LXP.PRC's recent share price of $54.02, this dividend works out to approximately 1.50%, so look for shares of LXP.PRC to trade 1.50% lower — all else being equal — when LXP.PRC shares open for trading on 7/30/20. On an annualized basis, the current yield is approximately 6.03%, which compares to an average yield of 7.91% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of LXP.PRC shares, versus LXP:
Below is a dividend history chart for LXP.PRC, showing historical dividends prior to the most recent $0.8125 on Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock:
In Tuesday trading, Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock (Symbol: LXP.PRC) is currently up about 0.2% on the day, while the common shares (Symbol: LXP) are up about 2.1%.
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