On 12/27/13, Health Care REIT Inc.'s 6.50% Series I Cumulative Convertible Perpetual Preferred Stock (HCN.PRI) will trade ex-dividend, for its quarterly dividend of $0.8125, payable on 1/15/14. As a percentage of HCN.PRI's recent share price of $52.05, this dividend works out to approximately 1.56%, so look for shares of HCN.PRI to trade 1.56% lower — all else being equal — when HCN.PRI shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 6.25%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Reminder: Health Care REIT Series I Cumulative Convertible Perpetual Preferred Stock Goes Ex-Dividend Soon
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