On 5/1/14, Citigroup Inc's 8.125% Non-Cumulative Preferred Stock, Series AA (C.PRP) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 5/15/14. As a percentage of C.PRP's recent share price of $29.72, this dividend works out to approximately 1.71%, so look for shares of C.PRP to trade 1.71% lower — all else being equal — when C.PRP shares open for trading on 5/1/14. On an annualized basis, the current yield is approximately 6.82%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Citigroup Non-Cumulative Preferred Stock, Series AA About To Put More Money In Your Pocket
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