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
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