On 3/28/14, Health Care REIT Inc.'s 6.50% Series J Cumulative Redeemable Preferred Stock (HCN.PRJ) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 4/15/14. As a percentage of HCN.PRJ's recent share price of $25.14, this dividend works out to approximately 1.62%, so look for shares of HCN.PRJ to trade 1.62% lower — all else being equal — when HCN.PRJ shares open for trading on 3/28/14. On an annualized basis, the current yield is approximately 6.40%, which compares to an average yield of 7.31% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, HCN.PRJ was trading at a 1.64% premium to its liquidation preference amount. The chart below shows the one year performance of HCN.PRJ shares, versus HCN:
Below is a dividend history chart for HCN.PRJ, showing historical dividends prior to the most recent $0.4062 on Health Care REIT Inc.'s 6.50% Series J Cumulative Redeemable Preferred Stock :
According to the ETF Finder at ETF Channel, Health Care REIT Inc. (HCN) makes up 5.26% of the iShares Cohen & Steers REIT ETF (ICF) which is trading lower by about 0.3% on the day Wednesday.