On 12/27/13, U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred Stock (USB.PRH) will trade ex-dividend, for its quarterly dividend of $0.2236, payable on 1/15/14. As a percentage of USB.PRH's recent share price of $19.36, this dividend works out to approximately 1.16%, so look for shares of USB.PRH to trade 1.16% lower — all else being equal — when USB.PRH shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 4.59%, which compares to an average yield of 5.97% in the "Financial" preferred stock category, according to Preferred Stock Channel.
U.S. Bancorp's Series B Non-Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket
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