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Cash Dividend On The Way From Sabra Health Care REIT Series A Cumulative Redeemable Preferred Stock

On 11/13/13, Sabra Health Care REIT Inc's 7.125% Series A Cumulative Redeemable Preferred Stock (SBRAP) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 11/29/13. As a percentage of SBRAP's recent share price of $24.12, this dividend works out to approximately 1.85%, so look for shares of SBRAP to trade 1.85% lower — all else being equal — when SBRAP shares open for trading on 11/13/13. On an annualized basis, the current yield is approximately 7.45%, which compares to an average yield of 7.63% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, SBRAP was trading at a 4.32% discount to its liquidation preference amount. The chart below shows the one year performance of SBRAP shares, versus SBRA:

Performance Comparison Chart

Below is a dividend history chart for SBRAP, showing historical dividends prior to the most recent $0.4453 on Sabra Health Care REIT Inc's 7.125% Series A Cumulative Redeemable Preferred Stock:


According to the ETF Finder at ETF Channel, Sabra Health Care REIT Inc (SBRA) makes up 3.06% of the KBW Premium Yield Equity REIT Portfolio ETF (KBWY) which is trading up by about 0.1% on the day Monday.

In Monday trading, Sabra Health Care REIT Inc's 7.125% Series A Cumulative Redeemable Preferred Stock (SBRAP) is currently up about 0.8% on the day, while the common shares (SBRA) are up about 0.1%.


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