Reminder: Alcoa $3.75 Preferred Stock Goes Ex-Dividend Soon

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On 3/12/14, Alcoa, Inc.'s $3.75 Preferred Stock (Symbol: AA.PR) will trade ex-dividend, for its quarterly dividend of $0.9375, payable on 4/1/14. As a percentage of AA.PR's recent share price of $89.50, this dividend works out to approximately 1.05%, so look for shares of AA.PR to trade 1.05% lower - all else being equal - when AA.PR shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 4.27%. The chart below shows the one year performance of AA.PR shares, versus AA:

Performance Comparison Chart


Below is a dividend history chart for AA.PR, showing historical dividends prior to the most recent $0.9375 on Alcoa, Inc.'s $3.75 Preferred Stock:

AA.PR+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Alcoa, Inc. (Symbol: AA) makes up 3.51% of the SPDR S&P Metals and Mining ETF ( XME ) which is trading lower by about 2% on the day Monday.

In Monday trading, Alcoa, Inc.'s $3.75 Preferred Stock (Symbol: AA.PR) is currently up about 1.7% on the day, while the common shares (Symbol: AA) are off about 2.3%.

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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: XME , AA

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As of 12/19/2014, 04:15 PM


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