Markets

Associated Banc-Corp's 6.125% Non-Cumulative Perpetual Preferred Stock, Series C About To Put More Money In Your Pocket

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Shutterstock photo

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On 8/30/16, Associated Banc-Corp's 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: ASB.PRC) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 9/15/16. As a percentage of ASB.PRC's recent share price of $27.42, this dividend works out to approximately 1.40%, so look for shares of ASB.PRC to trade 1.40% lower - all else being equal - when ASB.PRC shares open for trading on 8/30/16. On an annualized basis, the current yield is approximately 5.65%, which compares to an average yield of 5.35% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of ASB.PRC shares, versus ASB:

Performance Comparison Chart

Below is a dividend history chart for ASB.PRC, showing historical dividends prior to the most recent $0.3828 on Associated Banc-Corp's 6.125% Non-Cumulative Perpetual Preferred Stock, Series C :

ASB.PRC+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Associated Banc-Corp (Symbol: ASB) makes up 2.05% of the PowerShares KBW Regional Banking Portfolio ETF ( KBWR ) which is trading relatively unchanged on the day Friday.

In Friday trading, Associated Banc-Corp's 6.125% Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: ASB.PRC) is currently up about 1.1% on the day, while the common shares (Symbol: ASB) are off about 0.2%.

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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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ASB.PRC KBWR ASB