On 2/18/14, PartnerRe Ltd.'s 6.50% Series D Cumulative Redeemable Preferred Shares (PRE.PRD) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 3/3/14. As a percentage of PRE.PRD's recent share price of $24.69, this dividend works out to approximately 1.65%, so look for shares of PRE.PRD to trade 1.65% lower — all else being equal — when PRE.PRD shares open for trading on 2/18/14. On an annualized basis, the current yield is approximately 6.61%, which compares to an average yield of 5.75% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, PRE.PRD was trading at a 1.64% discount to its liquidation preference amount. The chart below shows the one year performance of PRE.PRD shares, versus PRE:
Below is a dividend history chart for PRE.PRD, showing historical dividends prior to the most recent $0.4062 on PartnerRe Ltd.'s 6.50% Series D Cumulative Redeemable Preferred Shares:
According to the ETF Finder at ETF Channel, PartnerRe Ltd. (PRE) makes up 3.18% of the KBW Property & Casualty Insurance Portfolio ETF (KBWP) which is trading up by about 0.6% on the day Friday.