LXP Industrial Trust's Series C Preferred Stock Crosses Above 7% Yield Territory

In trading on Thursday, shares of LXP Industrial Trust's 6.50% Series C Cumulative Convertible Preferred Stock (Symbol: LXP.PRC) were yielding above the 7% mark based on its quarterly dividend (annualized to $3.25), with shares changing hands as low as $46.18 on the day. This compares to an average yield of 7.88% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, LXP.PRC was trading at a 6.44% discount to its liquidation preference amount, versus the average discount of 14.18% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 1.8643.

Below is a dividend history chart for LXP.PRC, showing historical dividend payments on LXP Industrial Trust's 6.50% Series C Cumulative Convertible Preferred Stock: Free Report: Top 8%+ Dividends (paid monthly)

In Thursday trading, LXP Industrial Trust's 6.50% Series C Cumulative Convertible Preferred Stock (Symbol: LXP.PRC) is currently down about 1.3% on the day, while the common shares (Symbol: LXP) are down about 0.3%.

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Also see: • PRA Price Target
• Funds Holding RLYP
• WMG YTD Return


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