Lexington Realty Trust's Series C Cumulative Convertible Preferred Stock About To Put More Money In Your Pocket

On 10/29/13, 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 11/15/13. As a percentage of LXP.PRC's recent share price of $46.50, this dividend works out to approximately 1.75%, so look for shares of LXP.PRC to trade 1.75% lower ? all else being equal ? when LXP.PRC shares open for trading on 10/29/13. On an annualized basis, the current yield is approximately 7.00%, which com...