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Health Care REIT Series I Cumulative Convertible Perpetual Preferred Stock Goes Ex-Dividend Soon

On 9/28/15, Health Care REIT Inc.'s 6.50% Series I Cumulative Convertible Perpetual Preferred Stock (Symbol: HCN.PRI) will trade ex-dividend, for its quarterly dividend of $0.8125, payable on 10/15/15. As a percentage of HCN.PRI's recent share price of $61.82, this dividend works out to approximately 1.31%, so look for shares of HCN.PRI to trade 1.31% lower - all else being equal - when HCN.PRI shares open for trading on 9/28/15. On an annualized basis, the current yield is approximately 5.23%, which compares to an average yield of 7.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of HCN.PRI shares, versus HCN:

Performance Comparison Chart

Below is a dividend history chart for HCN.PRI, showing historical dividends prior to the most recent $0.8125 on Health Care REIT Inc.'s 6.50% Series I Cumulative Convertible Perpetual Preferred Stock:

HCN.PRI+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Health Care REIT Inc. (Symbol: HCN) makes up 8.95% of the iShares Residential Real Estate Capped ETF ( REZ ) which is trading lower by about 1% on the day Thursday.

In Thursday trading, Health Care REIT Inc.'s 6.50% Series I Cumulative Convertible Perpetual Preferred Stock (Symbol: HCN.PRI) is currently down about 0.7% on the day, while the common shares (Symbol: HCN) are down about 0.7%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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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