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Ex-Dividend Reminder: Corporate Office Properties Trust, STAG Industrial and Blackstone Mortgage Trust

By Preferred Stock Channel Staff, Tuesday, June 27, 12:10 PM ET

On 6/29/23, Corporate Office Properties Trust (OFC), STAG Industrial Inc (NYSE:STAG), and Blackstone Mortgage Trust Inc (NYSE:BXMT) will all trade ex-dividend for their respective upcoming dividends. Corporate Office Properties Trust will pay its quarterly dividend of $0.285 on 7/17/23, STAG Industrial Inc will pay its monthly dividend of $0.1225 on 7/17/23, and Blackstone Mortgage Trust Inc will pay its quarterly dividend of $0.62 on 7/14/23.

As a percentage of OFC's recent stock price of $23.75, this dividend works out to approximately 1.20%, so look for shares of Corporate Office Properties Trust to trade 1.20% lower — all else being equal — when OFC shares open for trading on 6/29/23. Similarly, investors should look for STAG to open 0.35% lower in price and for BXMT to open 3.12% lower, all else being equal.

Below are dividend history charts for OFC, STAG, and BXMT, showing historical dividends prior to the most recent ones declared.

Corporate Office Properties Trust (OFC):

STAG Industrial Inc (NYSE:STAG):

Blackstone Mortgage Trust Inc (NYSE:BXMT):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.80% for Corporate Office Properties Trust, 4.18% for STAG Industrial Inc, and 12.49% for Blackstone Mortgage Trust Inc.


Free Report: Top 8%+ Dividends (paid monthly)

In Tuesday trading, Corporate Office Properties Trust shares are currently off about 0.6%, STAG Industrial Inc shares are up about 0.5%, and Blackstone Mortgage Trust Inc shares are down about 0.8% on the day.


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