Reminder: Royal Bank of Scotland Group Non-cumulative Dollar Preference Shares, Series R Goes Ex-Dividend Soon

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On 6/11/14, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series R (Symbol: RBS.PRR) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 6/30/14. As a percentage of RBS.PRR's recent share price of $23.52, this dividend works out to approximately 1.63%, so look for shares of RBS.PRR to trade 1.63% lower - all else being equal - when RBS.PRR shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 6.51%, which compares to an average yield of 6.24% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of RBS.PRR shares, versus RBS:

Performance Comparison Chart


Below is a dividend history chart for RBS.PRR, showing historical dividends prior to the most recent $0.3828 on Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series R:

RBS.PRR+Dividend+History+Chart

In Monday trading, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series R (Symbol: RBS.PRR) is currently off about 0.1% on the day, while the common shares (Symbol: RBS) 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: RBS.PRR , RBS

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