On 3/27/14, Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A (MS.PRA) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 4/15/14. As a percentage of MS.PRA's recent share price of $19.82, this dividend works out to approximately 1.26%, so look for shares of MS.PRA to trade 1.26% lower — all else being equal — when MS.PRA shares open for trading on 3/27/14. On an annualized basis, the current yield is approximately 5.08%, 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 Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A
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