Barclays Non-Cumulative Callable Dollar Preference Shares, Series 5 Ex-Dividend Reminder

On 5/28/15, 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 6/15/15. As a percentage of BCS.PRD's recent share price of $26.36, this dividend works out to approximately 1.93%, so look for shares of BCS.PRD to trade 1.93% lower — all else being equal — when BCS.PRD shares open for trading on 5/28/15. On an annualized basis, the current yield is approximately 7.72%, which compares to an average yield of 5.65% in the "Financial" preferred stock category, according to Preferred Stock Channel.

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As of last close, BCS.PRD was trading at a 5.20% premium to its liquidation preference amount, versus the average premium of 2.44% in the "Financial" category. 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 1.70% of the BLDRS Europe Select ADR Index Fund ETF (ADRU) 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 up about 0.2% on the day, while the common shares ( BCS) are trading flat.

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