Allergan Mandatory Convertible Preferred Shares, Series A Ex-Dividend Reminder
On 2/10/16, Allergan PLC's 5.500% Mandatory Convertible Preferred Shares, Series A (Symbol: AGN.PRA) will trade ex-dividend, for its quarterly dividend of $13.75, payable on 3/1/16. As a percentage of AGN.PRA's recent share price of $903.53, this dividend works out to approximately 1.52%, so look for shares of AGN.PRA to trade 1.52% lower - all else being equal - when AGN.PRA shares open for trading on 2/10/16. On an annualized basis, the current yield is approximately 5.95%, which compares to an average yield of 10.44% in the "Drugs & Pharmaceuticals" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of AGN.PRA shares, versus AGN:
Below is a dividend history chart for AGN.PRA, showing historical dividends prior to the most recent $13.75 on Allergan PLC's 5.500% Mandatory Convertible Preferred Shares, Series A:
According to the ETF Finder at ETF Channel, Allergan PLC (Symbol: AGN) makes up 7.10% of the ProShares Hedged FTSE Europe ETF ( HGEU ) which is trading lower by about 3.7% on the day Monday.
In Monday trading, Allergan PLC's 5.500% Mandatory Convertible Preferred Shares, Series A (Symbol: AGN.PRA) is currently down about 2.4% on the day, while the common shares (Symbol: AGN) are off about 3%.
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