On 3/12/14, Omnicare Inc.'s Series B 4.00% Trust Preferred Income Equity Redeemable Securities (OCR.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 3/17/14. As a percentage of OCR.PRB's recent share price of $72.65, this dividend works out to approximately 0.69%, so look for shares of OCR.PRB to trade 0.69% lower — all else being equal — when OCR.PRB shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 2.71%, which compares to an average yield of 3.60% in the "Healthcare" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Omnicare Series B Trust Preferred Income Equity Redeemable Securities
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.