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Banco Santander Non-Cumulative Guaranteed Series 1 Preferred Securities About To Put More Money In Your Pocket

On 11/23/15, Banco Santander SA's 6.41% Non-Cumulative Guaranteed Series 1 Preferred Securities (Symbol: SAN.PRI) will trade ex-dividend, for its quarterly dividend of $0.4006, payable on 12/11/15. As a percentage of SAN.PRI's recent share price of $25.72, this dividend works out to approximately 1.56%, so look for shares of SAN.PRI to trade 1.56% lower - all else being equal - when SAN.PRI shares open for trading on 11/23/15. On an annualized basis, the current yield is approximately 6.21%, which compares to an average yield of 5.16% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SAN.PRI shares, versus SAN:

Performance Comparison Chart

Below is a dividend history chart for SAN.PRI, showing historical dividends prior to the most recent $0.4006 on Banco Santander SA's 6.41% Non-Cumulative Guaranteed Series 1 Preferred Securities:

SAN.PRI+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Banco Santander SA (Symbol: SAN) makes up 2.46% of the BLDRS Europe Select ADR Index Fund ETF ( ADRU ) which is trading relatively unchanged on the day Thursday.

In Thursday trading, Banco Santander SA's 6.41% Non-Cumulative Guaranteed Series 1 Preferred Securities (Symbol: SAN.PRI) is currently down about 0.3% on the day, while the common shares (Symbol: SAN) are up about 2.5%.

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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