Sabra Health Care REIT Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

On 5/13/14, Sabra Health Care REIT Inc's 7.125% Series A Cumulative Redeemable Preferred Stock ( SBRAP) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 5/30/14. As a percentage of SBRAP's recent share price of $25.49, this dividend works out to approximately 1.75%, so look for shares of SBRAP to trade 1.75% lower — all else being equal — when SBRAP shares open for trading on 5/13/14. On an annualized basis, the current yield is approximately 6.92%, which compares to an average yield of 7.13% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, SBRAP was trading at a 3.00% premium to its liquidation preference amount, versus the average premium of 0.67% in the "Real Estate" category. The chart below shows the one year performance of SBRAP shares, versus SBRA:

Performance Comparison Chart

Below is a dividend history chart for SBRAP, showing historical dividends prior to the most recent $0.4453 on Sabra Health Care REIT Inc's 7.125% Series A Cumulative Redeemable Preferred Stock:

SBRAP+Dividend+History+Chart

In Friday trading, Sabra Health Care REIT Inc's 7.125% Series A Cumulative Redeemable Preferred Stock ( SBRAP) is currently down about 1% on the day, while the common shares ( SBRA) are down about 0.7%.

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