Markets

Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock Goes Ex-Dividend Soon

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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:

Performance Comparison Chart

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:

LXP.PRC+Dividend+History+Chart

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%.

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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LXP.PRC SRET LXP