Boston Properties' Series B Preferred Stock Shares Cross 5% Yield Mark

In trading on Monday, shares of Boston Properties, Inc.'s 5.25% Series B Cumulative Redeemable Preferred Stock (NYSE: BXP.PRB) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $26.15 on the day. This compares to an average yield of 6.95% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, BXP.PRB was trading at a 6.00% premium to its liquidation preference amount, versu...