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Cash Dividend On The Way From Ladenburg Thalmann Financial Services Series A Cumulative Redeemable Preferred Stock


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On 3/14/18, Ladenburg Thalmann Financial Services Inc's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: LTS.PRA) will trade ex-dividend, for its monthly dividend of $0.1667, payable on 3/28/18. As a percentage of LTS.PRA's recent share price of $25.50, this dividend works out to approximately 0.65%, so look for shares of LTS.PRA to trade 0.65% lower - all else being equal - when LTS.PRA shares open for trading on 3/14/18. On an annualized basis, the current yield is approximately 7.85%, which compares to an average yield of 5.62% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of LTS.PRA shares, versus LTS:

Performance Comparison Chart

Below is a dividend history chart for LTS.PRA, showing historical dividends prior to the most recent $0.1667 on Ladenburg Thalmann Financial Services Inc's 8.00% Series A Cumulative Redeemable Preferred Stock:

LTS.PRA+Dividend+History+Chart

In Monday trading, Ladenburg Thalmann Financial Services Inc's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: LTS.PRA) is currently trading flat on the day, while the common shares (Symbol: LTS) are up about 0.9%.

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: LTS.PRA , LTS



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