Ex-Div Reminder for Omnicare Trust Preferred Income Equity Redeemable Securities

On 9/10/14, Omnicare Inc.’s Trust Preferred Income Equity Redeemable Securities (NYSE: OCR.PRA) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 9/15/14. As a percentage of OCR.PRA’s recent share price of $77.74, this dividend works out to approximately 0.64%, so look for shares of OCR.PRA to trade 0.64% lower — all else being equal — when OCR.PRA shares open for trading on 9/10/14. On an annualized basis, the current yield is approximately 2.58%, which compares to an average yield of 3.48% in the “Healthcare” preferred stock category, according to Preferred Stock Channel.
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Source: Markets