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

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Shutterstock photo

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On 3/29/17, Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: MS.PRA) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 4/17/17. As a percentage of MS.PRA's recent share price of $23.74, this dividend works out to approximately 1.05%, so look for shares of MS.PRA to trade 1.05% lower - all else being equal - when MS.PRA shares open for trading on 3/29/17. On an annualized basis, the current yield is approximately 4.22%, which compares to an average yield of 5.64% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of MS.PRA shares, versus MS:

Performance Comparison Chart

Below is a dividend history chart for MS.PRA, showing historical dividends prior to the most recent $0.25 on Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A:

MS.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Morgan Stanley (Symbol: MS) makes up 8.64% of the iShares U.S. Broker-Dealers & Securities Exchanges ETF ( IAI ) which is trading relatively unchanged on the day Monday.

In Monday trading, Morgan Stanley's Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: MS.PRA) is currently trading flat on the day, while the common shares (Symbol: MS) 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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MS MS.PRA IAI