Markets

Cash Dividend On The Way From HSBC Holdings Non-Cumulative Preferred Stock, Series H

On 6/11/14, HSBC Holdings plc's 6.50% Non-Cumulative Preferred Stock, Series H (Symbol: HUSI.PRH) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 7/1/14. As a percentage of HUSI.PRH's recent share price of $25.45, this dividend works out to approximately 1.60%, so look for shares of HUSI.PRH to trade 1.60% lower - all else being equal - when HUSI.PRH shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 6.38%, which compares to an average yield of 6.24% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of HUSI.PRH shares, versus HSBC:

Performance Comparison Chart

Below is a dividend history chart for HUSI.PRH, showing historical dividends prior to the most recent $0.4062 on HSBC Holdings plc's 6.50% Non-Cumulative Preferred Stock, Series H:

HUSI.PRH+Dividend+History+Chart

According to the ETF Finder at ETF Channel, HSBC Holdings plc (Symbol: HSBC) makes up 9.31% of the Bank and Brokerage ETF ( RKH ) which is trading relatively unchanged on the day Monday.

In Monday trading, HSBC Holdings plc's 6.50% Non-Cumulative Preferred Stock, Series H (Symbol: HUSI.PRH) is currently off about 0.2% on the day, while the common shares (Symbol: HSBC) 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.

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