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.
As of last close, PVTBP was trading at a 5.84% premium to its liquidation preference amount. The chart below shows the one year performance of PVTBP shares, versus PVTB:
Below is a dividend history chart for PVTBP, showing historical dividends prior to the most recent $0.625 on PrivateBancorp, Inc.'s 10.00% Trust Preferred Securities:
According to the ETF Finder at ETF Channel, PrivateBancorp, Inc. (PVTB) makes up 1.18% of the KBW Regional Banking Portfolio ETF (KBWR) which is trading lower by about 0.3% on the day Monday.