Markets
MS

Cash Dividend On The Way From Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 12/28/16, Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E (Symbol: MS.PRE) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 1/17/17. As a percentage of MS.PRE's recent share price of $28.48, this dividend works out to approximately 1.56%, so look for shares of MS.PRE to trade 1.56% lower - all else being equal - when MS.PRE shares open for trading on 12/28/16. On an annualized basis, the current yield is approximately 6.22%, which compares to an average yield of 5.70% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of MS.PRE shares, versus MS:

Performance Comparison Chart

Below is a dividend history chart for MS.PRE, showing historical dividends prior to the most recent $0.4453 on Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E:

MS.PRE+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Morgan Stanley (Symbol: MS) makes up 9.71% of the iShares U.S. Broker-Dealers & Securities Exchanges ETF ( IAI ) which is trading up by about 0.2% on the day Tuesday.

In Tuesday trading, Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series E (Symbol: MS.PRE) is currently off about 0.6% on the day, while the common shares (Symbol: MS) are up about 0.2%.

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.

In This Story

MS MS.PRE IAI

Latest Markets Videos