On 9/29/15, Health Care REIT Inc.'s 6.50% Series J Cumulative Redeemable Preferred Stock (Symbol: HCN.PRJ) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 10/15/15. As a percentage of HCN.PRJ's recent share price of $25.93, this dividend works out to approximately 1.57%, so look for shares of HCN.PRJ to trade 1.57% lower - all else being equal - when HCN.PRJ shares open for trading on 9/29/15. On an annualized basis, the current yield is approximately 6.29%, which compares to an average yield of 7.12% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . 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. (Symbol: HCN) makes up 8.91% of the iShares Residential Real Estate Capped ETF ( REZ ) which is trading relatively unchanged on the day Friday.
In Friday trading, Health Care REIT Inc.'s 6.50% Series J Cumulative Redeemable Preferred Stock (Symbol: HCN.PRJ) is currently up about 0.3% on the day, while the common shares (Symbol: HCN) are up about 0.7%.
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