Cash Dividend On The Way From BB&T Corp.'s Series D Non-Cumulative Perpetual Preferred Stock
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:
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 :
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%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.