BB&T Corp.'s Series F Non-Cumulative Perpetual Preferred Stock Goes Ex-Dividend Soon

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.

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.

In This Story

IAT