On 2/10/14, Citigroup Capital IX 6.00% Capital Securities (C.PRS) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 2/13/14. As a percentage of C.PRS's recent share price of $25.27, this dividend works out to approximately 1.48%, so look for shares of C.PRS to trade 1.48% lower — all else being equal — when C.PRS shares open for trading on 2/10/14. On an annualized basis, the current yield is approximately 5.93%, which compares to an average yield of 5.81% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, C.PRS was trading at a 1.32% premium to its liquidation preference amount. The chart below shows the one year performance of C.PRS shares, versus C:
Below is a dividend history chart for C.PRS, showing historical dividends prior to the most recent $0.375 on Citigroup Capital IX 6.00% Capital Securities:
According to the ETF Finder at ETF Channel, Citigroup (C) makes up 8.33% of the KBW Bank Portfolio ETF (KBWB) which is trading higher by about 1% on the day Thursday.