On 3/28/14, Huntington Bancshares, Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (HBANP) will trade ex-dividend, for its quarterly dividend of $21.25, payable on 4/15/14. As a percentage of HBANP's recent share price of $1290.00, this dividend works out to approximately 1.65%, so look for shares of HBANP to trade 1.65% lower — all else being equal — when HBANP shares open for trading on 3/28/14. On an annualized basis, the current yield is approximately 6.59%, which compares to an average yield of 5.70% in the "Financial" preferred stock category, according to Preferred Stock Channel.As of last close, HBANP was trading at a 29.00% premium to its liquidation preference amount. It should be noted that the preferred shares are convertible, with a conversion ratio of 83.668. 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 HBANP shares, versus HBAN: Below is a dividend history chart for HBANP, showing historical dividends prior to the most recent $21.25 on Huntington Bancshares, Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock : According to the ETF Finder at ETF Channel, Huntington Bancshares, Inc ( HBAN) makes up 4.11% of the PowerShares KBW Bank Portfolio ETF (KBWB) which is trading lower by about 0.3% on the day Wednesday. In Wednesday trading, Huntington Bancshares, Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock ( HBANP) is currently trading flat on the day, while the common shares ( HBAN) are trading flat.