On 4/11/14, PNC Financial Services Group's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P (PNC.PRP) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 5/1/14. As a percentage of PNC.PRP's recent share price of $27.03, this dividend works out to approximately 1.42%, so look for shares of PNC.PRP to trade 1.42% lower — all else being equal — when PNC.PRP shares open for trading on 4/11/14. On an annualized basis, the current yield is approximately 5.69%, which compares to an average yield of 5.73% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From PNC Financial Services Group's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series P
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