Omnicare Series B Trust Preferred Income Equity Redeemable Securities Shares Cross 3% Yield Mark

In trading on Wednesday, shares of Omnicare Inc.'s Series B 4.00% Trust Preferred Income Equity Redeemable Securities (NYSE: OCR.PRB) were yielding above the 3% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $66.55 on the day. This compares to an average yield of 3.83% in the "Healthcare" preferred stock category, according to Preferred Stock Channel. As of last close, OCR.PRB was trading at a 35.98% premium to its liquidation preference amount, ...