Cash Dividend On The Way From Ladenburg Thalmann Financial Services Series A Cumulative Redeemable Preferred Stock
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On 3/14/18, Ladenburg Thalmann Financial Services Inc's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: LTS.PRA) will trade ex-dividend, for its monthly dividend of $0.1667, payable on 3/28/18. As a percentage of LTS.PRA's recent share price of $25.50, this dividend works out to approximately 0.65%, so look for shares of LTS.PRA to trade 0.65% lower - all else being equal - when LTS.PRA shares open for trading on 3/14/18. On an annualized basis, the current yield is approximately 7.85%, which compares to an average yield of 5.62% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of LTS.PRA shares, versus LTS:
Below is a dividend history chart for LTS.PRA, showing historical dividends prior to the most recent $0.1667 on Ladenburg Thalmann Financial Services Inc's 8.00% Series A Cumulative Redeemable Preferred Stock:
In Monday trading, Ladenburg Thalmann Financial Services Inc's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: LTS.PRA) is currently trading flat on the day, while the common shares (Symbol: LTS) are up about 0.9%.
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.
