On 7/30/13, Realty Income Corp.'s 6.75% Monthly Income Class E Cumulative Redeemable Preferred Stock (NYSE: O.PRE) will trade ex-dividend, for its monthly dividend of $0.1406, payable on 8/15/13. As a percentage of O.PRE's recent share price of $25.58, this dividend works out to approximately 0.55%, so look for shares of O.PRE to trade 0.55% lower — all else being equal — when O.PRE shares open for trading on 7/30/13. On an annualized basis, the current yield is approximately 6.59%, which compares to an average yield of 6.64% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
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