On 5/14/14, BB&T Corp.'s Series G Non-Cumulative Perpetual Preferred Stock (BBT.PRG) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 6/2/14. As a percentage of BBT.PRG's recent share price of $22.23, this dividend works out to approximately 1.46%, so look for shares of BBT.PRG to trade 1.46% lower — all else being equal — when BBT.PRG shares open for trading on 5/14/14. On an annualized basis, the current yield is approximately 5.85%, which compares to an average yield of 5.69% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From BB&T's Series G Preferred Stock
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