Markets

Cash Dividend On The Way From BB&T Corp.'s Series D Non-Cumulative Perpetual Preferred Stock

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Shutterstock photo

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On 2/10/16, BB&T Corp.'s Series D Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRD) will trade ex-dividend, for its quarterly dividend of $0.3656, payable on 3/1/16. As a percentage of BBT.PRD's recent share price of $25.76, this dividend works out to approximately 1.42%, so look for shares of BBT.PRD to trade 1.42% lower - all else being equal - when BBT.PRD shares open for trading on 2/10/16. On an annualized basis, the current yield is approximately 5.57%, 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.PRD shares, versus BBT:

Performance Comparison Chart

Below is a dividend history chart for BBT.PRD, showing historical dividends prior to the most recent $0.3656 on BB&T Corp.'s Series D Non-Cumulative Perpetual Preferred Stock :

BBT.PRD+Dividend+History+Chart

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 lower by about 2.6% on the day Monday.

In Monday trading, BB&T Corp.'s Series D Non-Cumulative Perpetual Preferred Stock (Symbol: BBT.PRD) is currently down about 1.9% on the day, while the common shares (Symbol: BBT) are off about 2.7%.

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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