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On 2/10/16, BB&T Corp.'s Series F Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRF) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 3/1/16. As a percentage of BBT.PRF's recent share price of $24.95, this dividend works out to approximately 1.30%, so look for shares of BBT.PRF to trade 1.30% lower - all else being equal - when BBT.PRF shares open for trading on 2/10/16. On an annualized basis, the current yield is approximately 5.16%, which compares to an average yield of 5.75% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of BBT.PRF shares, versus BBT:
Below is a dividend history chart for BBT.PRF, showing historical dividends prior to the most recent $0.325 on BB&T Corp.'s Series F Non-Cumulative Perpetual Preferred Stock :
According to the ETF Finder at ETF Channel, BB&T Corp. (Symbol: BBT) makes up 7.00% of the iShares U.S. Regional Banks ETF ( IAT ) which is trading relatively unchanged on the day Monday.
In Monday trading, BB&T Corp.'s Series F Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRF) is currently off about 1% on the day, while the common shares (Symbol: BBT) are trading flat.
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.
