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

Posted
3/10/2014 2:02:00 PM
By: BNK Invest
Referenced Stocks:RBS.PRP;RBS

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.

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