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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.