On 1/27/17, 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 2/15/17. As a percentage of LXP.PRC's recent share price of $50.75, this dividend works out to approximately 1.60%, so look for shares of LXP.PRC to trade 1.60% lower - all else being equal - when LXP.PRC shares open for trading on 1/27/17. On an annualized basis, the current yield is approximately 6.41%, which compares to an average yield of 6.93% 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:
According to the ETF Finder at ETF Channel, Lexington Realty Trust (Symbol: LXP) makes up 3.99% of the SuperDividend REIT ETF ( SRET ) which is trading lower by about 0.5% on the day Wednesday.
In Wednesday trading, Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock (Symbol: LXP.PRC) is currently trading flat on the day, while the common shares (Symbol: LXP) are off about 0.7%.