Quantcast

First Republic Bank's 7.00% Noncumulative Perpetual Series E Preferred Stock Ex-Dividend Reminder


Shutterstock photo

On 3/15/18, First Republic Bank's 7.00% Noncumulative Perpetual Series E Preferred Stock (Symbol: FRC.PRE) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 3/29/18. As a percentage of FRC.PRE's recent share price of $26.37, this dividend works out to approximately 1.66%, so look for shares of FRC.PRE to trade 1.66% lower - all else being equal - when FRC.PRE shares open for trading on 3/15/18. On an annualized basis, the current yield is approximately 6.64%, 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 FRC.PRE shares, versus FRC:

Performance Comparison Chart

Below is a dividend history chart for FRC.PRE, showing historical dividends prior to the most recent $0.4375 on First Republic Bank's 7.00% Noncumulative Perpetual Series E Preferred Stock:

FRC.PRE+Dividend+History+Chart

According to the ETF Finder at ETF Channel, First Republic Bank (Symbol: FRC) makes up 2.52% of the iShares U.S. Regional Banks ETF ( IAT ) which is trading lower by about 0.4% on the day Tuesday.

In Tuesday trading, First Republic Bank's 7.00% Noncumulative Perpetual Series E Preferred Stock (Symbol: FRC.PRE) is currently up about 0.1% on the day, while the common shares (Symbol: FRC) are off about 1.1%.

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 , FRC.PRE , FRC



More from BNK Invest

Subscribe






BNK Invest
Contributor:

BNK Invest

Market News, Investing










Research Brokers before you trade

Want to trade FX?