On 3/30/16, Huntington Bancshares Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (Symbol: HBANP) will trade ex-dividend, for its quarterly dividend of $21.25, payable on 4/15/16. As a percentage of HBANP's recent share price of $1355.00, this dividend works out to approximately 1.57%, so look for shares of HBANP to trade 1.57% lower - all else being equal - when HBANP shares open for trading on 3/30/16. On an annualized basis, the current yield is approximately 6.25%, which compares to an average yield of 5.61% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of HBANP shares, versus HBAN:
Below is a dividend history chart for HBANP, showing historical dividends prior to the most recent $21.25 on Huntington Bancshares Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock :
According to the ETF Finder at ETF Channel, Huntington Bancshares Inc (Symbol: HBAN) makes up 2.64% of the SPDR S&P Regional Banking ETF ( KRE ) which is trading higher by about 0.2% on the day Monday.
In Monday trading, Huntington Bancshares Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (Symbol: HBANP) is currently down about 0.5% on the day, while the common shares (Symbol: HBAN) are off about 0.3%.
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.
