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


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On 9/13/18, 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 9/28/18. As a percentage of FRC.PRE's recent share price of $25.70, this dividend works out to approximately 1.70%, so look for shares of FRC.PRE to trade 1.70% lower - all else being equal - when FRC.PRE shares open for trading on 9/13/18. On an annualized basis, the current yield is approximately 6.82%, which compares to an average yield of 5.53% 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 1.2%.

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: FRC.PRE , FRC



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