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BB&T Corp.'s Series G Non-Cumulative Perpetual Preferred Stock Ex-Dividend Reminder


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On 5/10/18, BB&T Corp.'s Series G Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRG) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 6/1/18. As a percentage of BBT.PRG's recent share price of $24.98, this dividend works out to approximately 1.30%, so look for shares of BBT.PRG to trade 1.30% lower - all else being equal - when BBT.PRG shares open for trading on 5/10/18. On an annualized basis, the current yield is approximately 5.19%, which compares to an average yield of 5.67% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of BBT.PRG shares, versus BBT:

Performance Comparison Chart

Below is a dividend history chart for BBT.PRG, showing historical dividends prior to the most recent $0.325 on BB&T Corp.'s Series G Non-Cumulative Perpetual Preferred Stock :

BBT.PRG+Dividend+History+Chart

According to the ETF Finder at ETF Channel, BB&T Corp. (Symbol: BBT) makes up 7.22% of the iShares U.S. Regional Banks ETF ( IAT ) which is trading up by about 0.8% on the day Tuesday.

In Tuesday trading, BB&T Corp.'s Series G Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRG) is currently down about 0.4% on the day, while the common shares (Symbol: BBT) are up about 1%.

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 Nasdaq, Inc.



This article appears in: Investing
Referenced Symbols: IAT , BBT.PRG , BBT



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