On 12/27/13, Huntington Bancshares, Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (HBANP) will trade ex-dividend, for its quarterly dividend of $21.25, payable on 1/15/14. As a percentage of HBANP's recent share price of $1278.85, this dividend works out to approximately 1.66%, so look for shares of HBANP to trade 1.66% lower — all else being equal — when HBANP shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 6.77%, which compares to an average yield of 5.97% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Reminder: Huntington Bancshares Series A Non-Cumulative Perpetual Convertible Preferred Stock Goes Ex-Dividend Soon
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