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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 ยป

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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