Welltower's Series I Preferred Stock Crosses Above 5% Yield Territory

In trading on Monday, shares of Welltower Inc’s 6.50% Series I Cumulative Convertible Perpetual Preferred Stock (Symbol: HCN.PRI) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.25), with shares changing hands as low as $63.81 on the day. This compares to an average yield of 6.86% in the “Real Estate” preferred stock category, according to Preferred Stock Channel . As of last close, HCN.PRI was trading at a 30.64% premium to its liquidation preference amount, versus the average premium of 3.13% in the “Real Estate” category. It should be noted that the preferred shares are convertible , with a conversion ratio of 0.846.

Performance Comparison Chart

Below is a dividend history chart for HCN.PRI, showing historical dividend payments on Welltower Inc’s 6.50% Series I Cumulative Convertible Perpetual Preferred Stock:

HCN.PRI+Dividend+History+Chart

In Monday trading, Welltower Inc’s 6.50% Series I Cumulative Convertible Perpetual Preferred Stock (Symbol: HCN.PRI) is currently off about 2.2% on the day, while the common shares (Symbol: HCN) are down about 2.3%.

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