On 2/27/14, Regions Financial Corp's 6.375% Non-Cumulative Perpetual Preferred Stock, Series A (RF.PRA) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 3/17/14. As a percentage of RF.PRA's recent share price of $24.11, this dividend works out to approximately 1.65%, so look for shares of RF.PRA to trade 1.65% lower — all else being equal — when RF.PRA shares open for trading on 2/27/14. On an annualized basis, the current yield is approximately 6.63%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Regions Financial Corp's 6.375% Non-Cumulative Perpetual Preferred Stock, Series A
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