Cash Dividend On The Way From Zions Bancorporation's Series G Fixed/Floating Rate Non-Cumulative Perpetual Preferred Stock

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On 8/27/14, Zions Bancorporation's Series G Fixed/Floating Rate Non-Cumulative Perpetual Preferred Stock (Symbol: ZB.PRG) will trade ex-dividend, for its quarterly dividend of $0.3937, payable on 9/15/14. As a percentage of ZB.PRG's recent share price of $26.15, this dividend works out to approximately 1.51%, so look for shares of ZB.PRG to trade 1.51% lower - all else being equal - when ZB.PRG shares open for trading on 8/27/14. On an annualized basis, the current yield is approximately 6.02%, which compares to an average yield of 5.69% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of ZB.PRG shares, versus ZION:

Performance Comparison Chart


Below is a dividend history chart for ZB.PRG, showing historical dividends prior to the most recent $0.3937 on Zions Bancorporation's Series G Fixed/Floating Rate Non-Cumulative Perpetual Preferred Stock :

ZB.PRG+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Zions Bancorporation (Symbol: ZION) makes up 3.33% of the First Trust NASDAQ ABA Community Bank Index Fund ETF ( QABA ) which is trading relatively unchanged on the day Monday.

In Monday trading, Zions Bancorporation's Series G Fixed/Floating Rate Non-Cumulative Perpetual Preferred Stock (Symbol: ZB.PRG) is currently trading flat on the day, while the common shares (Symbol: ZION) are trading flat.

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



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: QABA , ZB.PRG , ZION

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