On 5/28/14, Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 5 (BCS.PRD) will trade ex-dividend, for its quarterly dividend of $0.5078, payable on 6/16/14. As a percentage of BCS.PRD's recent share price of $26.21, this dividend works out to approximately 1.94%, so look for shares of BCS.PRD to trade 1.94% lower — all else being equal — when BCS.PRD shares open for trading on 5/28/14. On an annualized basis, the current yield is approximately 7.75%, which compares to an average yield of 6.23% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel.
As of last close, BCS.PRD was trading at a 4.80% premium to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of BCS.PRD shares, versus BCS:
Below is a dividend history chart for BCS.PRD, showing historical dividends prior to the most recent $0.5078 on Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 5 :
According to the ETF Finder at ETF Channel, Barclays PLC (BCS) makes up 3.05% of the Bank and Brokerage ETF (RKH) which is trading relatively unchanged on the day Tuesday.