On 3/27/14, U.S. Bancorp's Preferred Stock (USB.PRA) will trade ex-dividend, for its quarterly dividend of $8.75, payable on 4/15/14. As a percentage of USB.PRA's recent share price of $820.00, this dividend works out to approximately 1.07%, so look for shares of USB.PRA to trade 1.07% lower — all else being equal — when USB.PRA shares open for trading on 3/27/14. On an annualized basis, the current yield is approximately 4.27%, which compares to an average yield of 5.70% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From U.S. Bancorp's Preferred Stock
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