Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 5 Ex-Dividend Reminder - 3/6/14

On 3/6/14, 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 3/17/14. As a percentage of BCS.PRD's recent share price of $25.94, this dividend works out to approximately 1.96%, so look for shares of BCS.PRD to trade 1.96% lower — all else being equal — when BCS.PRD shares open for trading on 3/6/14. On an annualized basis, the current yield is approximately 7.82%, which compares to an average yield of 6.25% in the "Banking & Savings" 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, BCS.PRD was trading at a 3.84% 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:

Performance Comparison Chart

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 :

BCS.PRD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Barclays PLC ( BCS) makes up 2.94% of the Bank and Brokerage ETF (RKH) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Barclays PLC's Non-Cumulative Callable Dollar Preference Shares, Series 5 ( BCS.PRD) is currently down about 0.1% on the day, while the common shares ( BCS) are trading flat.

More from Stocks

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

50 Stocks That Could Be Shredded If a U.S. Trade War With China Ignites

Why Starbucks Latest Data Reveal Should Worry Investors

Why Starbucks Latest Data Reveal Should Worry Investors

Salesforce Is Hitting on All Cylinders as Shares Notch an All-Time High

Salesforce Is Hitting on All Cylinders as Shares Notch an All-Time High