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SAN

Cash Dividend On The Way From Banco Santander Non-Cumulative Series 4 Guaranteed Preferred Securities

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On 2/2/17, Banco Santander SA's 6.80% Non-Cumulative Series 4 Guaranteed Preferred Securities (Symbol: SAN.PRA) will trade ex-dividend, for its quarterly dividend of $0.425, payable on 2/21/17. As a percentage of SAN.PRA's recent share price of $25.78, this dividend works out to approximately 1.65%, so look for shares of SAN.PRA to trade 1.65% lower - all else being equal - when SAN.PRA shares open for trading on 2/2/17. On an annualized basis, the current yield is approximately 6.58%, which compares to an average yield of 5.63% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SAN.PRA shares, versus SAN:

Performance Comparison Chart

Below is a dividend history chart for SAN.PRA, showing historical dividends prior to the most recent $0.425 on Banco Santander SA's 6.80% Non-Cumulative Series 4 Guaranteed Preferred Securities:

SAN.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Banco Santander SA (Symbol: SAN) makes up 2.65% of the BLDRS Europe Select ADR Index Fund ETF ( ADRU ) which is trading up by about 0.6% on the day Tuesday.

In Tuesday trading, Banco Santander SA's 6.80% Non-Cumulative Series 4 Guaranteed Preferred Securities (Symbol: SAN.PRA) is currently off about 0.4% on the day, while the common shares (Symbol: SAN) are down about 0.4%.

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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