By MarketNewsVideo This morning, UBS increased its price target on shares of Vertex Pharmaceuticals (VRTX) to $84 to reflect the increased earnings power of Kalydeco. In the report, UBS increased its EPS estimates as well. Shares of VRTX were trading up about 4.7%. …read more
Source: FULL ARTICLE at Forbes Markets
On 3/13/13, Hartford Financial Services Group Inc.’s 7.25% Mandatory Convertible Preferred Stock, Series F (NYSE: HIG.PRA) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 4/1/13. As a percentage of HIG.PRA‘s recent share price of $24.01, this dividend works out to approximately 1.89%, so look for shares of HIG.PRA to trade 1.89% lower ? all else being equal ? when HIG.PRA shares open for trading on 3/13/13. On an annualized basis, the current yield is approximately 7.64%, which compares to an average yield of 5.48% in the “Financial” preferred stock category, according to Preferred Stock Channel.
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen ยป …read more
Source: FULL ARTICLE at Forbes Markets
