On 6/11/14, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series P (RBS.PRP) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 6/30/14. As a percentage of RBS.PRP's recent share price of $23.51, this dividend works out to approximately 1.66%, so look for shares of RBS.PRP to trade 1.66% lower — all else being equal — when RBS.PRP shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 6.65%, which compares to an average yield of 6.24% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for Royal Bank of Scotland Group Non-cumulative Dollar Preference Shares, Series P
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