On 2/26/14, Maiden Holdings Ltd's 8.25% Non-Cumulative Preference Shares, Series A ( MH.PRA) will trade ex-dividend, for its quarterly dividend of $0.5156, payable on 3/17/14. As a percentage of MH.PRA's recent share price of $25.26, this dividend works out to approximately 2.04%, so look for shares of MH.PRA to trade 2.04% lower — all else being equal — when MH.PRA shares open for trading on 2/26/14. On an annualized basis, the current yield is approximately 8.17%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel.As of last close, MH.PRA was trading at a 0.96% 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 MH.PRA shares, versus MHLD: Below is a dividend history chart for MH.PRA, showing historical dividends prior to the most recent $0.5156 on Maiden Holdings Ltd's 8.25% Non-Cumulative Preference Shares, Series A : In Monday trading, Maiden Holdings Ltd's 8.25% Non-Cumulative Preference Shares, Series A ( MH.PRA) is currently up about 0.1% on the day, while the common shares ( MHLD) are up about 0.4%.