On 7/14/14, Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred Securities (Symbol: SAN.PRC) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 7/31/14. As a percentage of SAN.PRC's recent share price of $26.35, this dividend works out to approximately 1.54%, so look for shares of SAN.PRC to trade 1.54% lower - all else being equal - when SAN.PRC shares open for trading on 7/14/14. On an annualized basis, the current yield is approximately 6.13%, which compares to an average yield of 6.16% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SAN.PRC shares, versus SAN:
Below is a dividend history chart for SAN.PRC, showing historical dividends prior to the most recent $0.4062 on Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred Securities:
According to the ETF Finder at ETF Channel, Banco Santander SA (Symbol: SAN) makes up 5.16% of the Bank and Brokerage ETF ( RKH ) which is trading lower by about 1.2% on the day Thursday.
In Thursday trading, Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred Securities (Symbol: SAN.PRC) is currently off about 0.7% on the day, while the common shares (Symbol: SAN) are down about 2.5%.