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


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On 11/8/18, 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 12/3/18. As a percentage of BBT.PRG's recent share price of $24.21, this dividend works out to approximately 1.34%, so look for shares of BBT.PRG to trade 1.34% lower - all else being equal - when BBT.PRG shares open for trading on 11/8/18. On an annualized basis, the current yield is approximately 5.42%, which compares to an average yield of 5.84% 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

In Tuesday trading, BB&T Corp.'s Series G Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRG) is currently up about 1.2% on the day, while the common shares (Symbol: BBT) 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 Nasdaq, Inc.



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



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