On 12/26/13, Royal Bank of Scotland Group plc's 6.08% Non-cumulative Guaranteed Trust Preferred Securities (RBS.PRG) will trade ex-dividend, for its quarterly dividend of $0.38, payable on 12/31/13. As a percentage of RBS.PRG's recent share price of $21.53, this dividend works out to approximately 1.76%, so look for shares of RBS.PRG to trade 1.76% lower — all else being equal — when RBS.PRG shares open for trading on 12/26/13. On an annualized basis, the current yield is approximately 7.03%, which compares to an average yield of 6.58% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Royal Bank of Scotland Group Non-cumulative Guaranteed Trust Preferred Securities
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