On 6/11/14, Omnicare Inc.'s Series B 4.00% Trust Preferred Income Equity Redeemable Securities (Symbol: OCR.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 6/15/14. As a percentage of OCR.PRB's recent share price of $81.44, this dividend works out to approximately 0.61%, so look for shares of OCR.PRB to trade 0.61% lower - all else being equal - when OCR.PRB shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 2.46%, which compares to an average yield of 3.42% in the "Healthcare" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of OCR.PRB shares, versus OCR:
Below is a dividend history chart for OCR.PRB, showing historical dividends prior to the most recent $0.50 on Omnicare Inc.'s Series B 4.00% Trust Preferred Income Equity Redeemable Securities:
According to the ETF Finder at ETF Channel, Omnicare Inc. (Symbol: OCR) makes up 2.23% of the SPDR S&PHealth Care Services ETF ( XHS ) which is trading relatively unchanged on the day Monday.
In Monday trading, Omnicare Inc.'s Series B 4.00% Trust Preferred Income Equity Redeemable Securities (Symbol: OCR.PRB) is currently up about 0.1% on the day, while the common shares (Symbol: OCR) are trading flat.
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.
