Lexington Realty Trust (NYSE:LXP) has elected to pay the same common stock distribution it's been handing out for nearly a year, the company announced today.
The real estate investment trust declared a dividend for its current quarter of $0.15 per share. This will be paid on or about Oct. 15 to shareholders of record as of Sept. 30. That amount matches each of the firm's previous four distributions, the most recent of which was paid in mid-July. Prior to that, Lexington was slightly less generous, handing out $0.125 per share.
The company also declared a dividend for its series C convertible preferred stock. This is to be $0.8125, payable on or about Nov. 15 to holders of record as of Oct. 31.
The just-declared common stock dividend annualizes to $0.60 per share. That yields 5.1% at Lexington's current stock price of $11.67.
Fool contributor Eric Volkman has no position in Lexington Realty Trust. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.