On 3/18/14, Citigroup Inc's 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J (C.PRJ) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 3/31/14. As a percentage of C.PRJ's recent share price of $26.67, this dividend works out to approximately 1.67%, so look for shares of C.PRJ to trade 1.67% lower — all else being equal — when C.PRJ shares open for trading on 3/18/14. On an annualized basis, the current yield is approximately 6.68%, which compares to an average yield of 5.66% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Citigroup Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J About To Put More Money In Your Pocket
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