On 2/13/14, Banco Santander SA's Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities (SAN.PRB) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 3/5/14. As a percentage of SAN.PRB's recent share price of $19.50, this dividend works out to approximately 1.28%, so look for shares of SAN.PRB to trade 1.28% lower — all else being equal — when SAN.PRB shares open for trading on 2/13/14. On an annualized basis, the current yield is approximately 5.15%, which compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Banco Santander Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities About To Put More Money In Your Pocket
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