On 2/12/14, BB&T Corp.'s Series F Non-Cumulative Perpetual Preferred Stock (BBT.PRF) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 3/3/14. As a percentage of BBT.PRF's recent share price of $20.44, this dividend works out to approximately 1.59%, so look for shares of BBT.PRF to trade 1.59% lower — all else being equal — when BBT.PRF shares open for trading on 2/12/14. On an annualized basis, the current yield is approximately 6.39%, which compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From BB&T Corp.'s Series F Non-Cumulative Perpetual Preferred Stock
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