On 3/12/14, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series M (RBS.PRM) will trade ex-dividend, for its quarterly dividend of $0.40, payable on 3/31/14. As a percentage of RBS.PRM's recent share price of $22.65, this dividend works out to approximately 1.77%, so look for shares of RBS.PRM to trade 1.77% lower — all else being equal — when RBS.PRM shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 7.04%, which compares to an average yield of 6.26% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Royal Bank of Scotland Group Non-cumulative Dollar Preference Shares, Series M
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