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


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On 6/14/18, 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 6/29/18. As a percentage of FRC.PRE's recent share price of $26.13, this dividend works out to approximately 1.67%, so look for shares of FRC.PRE to trade 1.67% lower - all else being equal - when FRC.PRE shares open for trading on 6/14/18. On an annualized basis, the current yield is approximately 6.70%, which compares to an average yield of 5.39% 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

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 up about 0.3%.

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
Referenced Symbols: FRC.PRE , FRC


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