On 12/11/13, PrivateBancorp, Inc.'s 10.00% Trust Preferred Securities (PVTBP) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 12/16/13. As a percentage of PVTBP's recent share price of $26.40, this dividend works out to approximately 2.37%, so look for shares of PVTBP to trade 2.37% lower — all else being equal — when PVTBP shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 9.45%, which compares to an average yield of 6.04% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Reminder: PrivateBancorp Trust Preferred Securities Goes Ex-Dividend Soon
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