On 6/26/14, U.S. Bancorp's Preferred Stock (USB.PRA) will trade ex-dividend, for its quarterly dividend of $8.8472, payable on 7/15/14. As a percentage of USB.PRA's recent share price of $837.50, this dividend works out to approximately 1.06%, so look for shares of USB.PRA to trade 1.06% lower — all else being equal — when USB.PRA shares open for trading on 6/26/14. On an annualized basis, the current yield is approximately 4.23%, which compares to an average yield of 5.52% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder for U.S. Bancorp's Preferred Stock
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