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

By
A A A

On 3/12/14, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series P (Symbol: RBS.PRP) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 3/31/14. As a percentage of RBS.PRP's recent share price of $22.22, this dividend works out to approximately 1.76%, so look for shares of RBS.PRP to trade 1.76% lower - all else being equal - when RBS.PRP shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 7.03%, which compares to an average yield of 6.26% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of RBS.PRP shares, versus RBS:

Performance Comparison Chart


Below is a dividend history chart for RBS.PRP, showing historical dividends prior to the most recent $0.3906 on Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series P:

RBS.PRP+Dividend+History+Chart

In Monday trading, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series P (Symbol: RBS.PRP) 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.PRP , RBS

BNK Invest

BNK Invest

More from BNK Invest:

Related Videos

Stocks

Referenced

Most Active by Volume

69,355,264
  • $15.52 ▲ 1.37%
50,296,472
  • $31.46 ▼ 1.69%
46,124,391
  • $126.37 ▲ 2.53%
35,489,261
  • $59.83 ▲ 23.82%
35,114,107
  • $8.76 ▲ 2.22%
34,240,025
  • $42.82 ▼ 3.54%
34,235,502
  • $40.96 ▼ 0.02%
32,692,013
  • $8.80 ▼ 6.98%
As of 3/30/2015, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com