On 2/12/14, PNC Financial Services Group's 5.375% Non-Cumulative Perpetual Preferred Stock, Series Q (PNC.PRQ) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 3/1/14. As a percentage of PNC.PRQ's recent share price of $20.97, this dividend works out to approximately 1.60%, so look for shares of PNC.PRQ to trade 1.60% lower — all else being equal — when PNC.PRQ shares open for trading on 2/12/14. On an annualized basis, the current yield is approximately 6.42%, which compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel.
PNC Financial Services Group's Non-Cumulative Perpetual Preferred Stock, Series Q About To Put More Money In Your Pocket
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