UBS AG's UBS Preferred Funding Trust IV Floating Rate Non-Cumulative Trust Preferred Securities Ex-Dividend Reminder

On 1/30/14, UBS AG's UBS Preferred Funding Trust IV Floating Rate Non-Cumulative Trust Preferred Securities (UBS.PRD) will trade ex-dividend, for its monthly dividend of $0.0185, payable on 2/18/14. As a percentage of UBS.PRD's recent share price of $16.18, this dividend works out to approximately 0.11%. On an annualized basis, the current yield is approximately 1.38%, which compares to an average yield of 5.81% in the "Financial" preferred stock category, according to Preferred Stock Channel.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, UBS.PRD was trading at a 35.48% discount 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 UBS.PRD shares, versus UBS:

Performance Comparison Chart

Below is a dividend history chart for UBS.PRD, showing historical dividends prior to the most recent $0.0185 on UBS AG's UBS Preferred Funding Trust IV Floating Rate Non-Cumulative Trust Preferred Securities:

UBS.PRD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, UBS AG ( UBS) makes up 3.69% of the Bank and Brokerage ETF (RKH) which is trading higher by about 1.1% on the day Tuesday.

In Tuesday trading, UBS AG's UBS Preferred Funding Trust IV Floating Rate Non-Cumulative Trust Preferred Securities ( UBS.PRD) is currently up about 0.5% on the day, while the common shares ( UBS) are up about 2.3%.

More from Stocks

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

One-on-One With Carnival Corporation CEO Arnold Donald (Watch)

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Stocks Finish Higher After Release of Fed Minutes

Stocks Finish Higher After Release of Fed Minutes

Has Wall Street Completely Lost Its Mind on General Electric?

Has Wall Street Completely Lost Its Mind on General Electric?