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Allergan Mandatory Convertible Preferred Shares, Series A Ex-Dividend Reminder

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 11/10/16, 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 12/1/16. As a percentage of AGN.PRA's recent share price of $739.95, this dividend works out to approximately 1.86%, so look for shares of AGN.PRA to trade 1.86% lower - all else being equal - when AGN.PRA shares open for trading on 11/10/16. On an annualized basis, the current yield is approximately 7.44%. The chart below shows the one year performance of AGN.PRA shares, versus AGN:

Performance Comparison Chart

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:

AGN.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Allergan PLC (Symbol: AGN) makes up 9.09% of the Biotech ETF ( BBH ) which is trading higher by about 1.2% on the day Tuesday.

In Tuesday trading, Allergan PLC's 5.500% Mandatory Convertible Preferred Shares, Series A (Symbol: AGN.PRA) is currently trading flat on the day, while the common shares (Symbol: AGN) are down about 0.4%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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