On 3/27/14, 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 4/15/14. As a percentage of HCN.PRI's recent share price of $55.35, this dividend works out to approximately 1.47%, so look for shares of HCN.PRI to trade 1.47% lower — all else being equal — when HCN.PRI shares open for trading on 3/27/14. On an annualized basis, the current yield is approximately 5.88%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Health Care REIT's 6.50% Series I Cumulative Convertible Perpetual Preferred Stock
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