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

On 7/29/13, Lexington Realty Trust's 6.50% Series C Cumulative Convertible Preferred Stock (NYSE: LXP.PRC) will trade ex-dividend, for its quarterly dividend of $0.8125, payable on 8/15/13. As a percentage of LXP.PRC's recent share price of $49.50, this dividend works out to approximately 1.64%, so look for shares of LXP.PRC to trade 1.64% lower -- all else being equal -- when LXP.PRC shares open for trading on 7/29/13. On an annualized basis, the current yield is approximately 6.64%, which comp...