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.
Citigroup Capital IX 6.00% Capital Securities Ex-Dividend Reminder - 2/10/14
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