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Civista Bancshares Noncumulative Redeemable Convertible Perpetual Preferred Share, Series B Goes Ex-Dividend Soon

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Shutterstock photo

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On 2/16/17, Civista Bancshares Inc's 6.50% Noncumulative Redeemable Convertible Perpetual Preferred Share, Series B (Symbol: CIVBP) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 3/15/17. As a percentage of CIVBP's recent share price of $66.21, this dividend works out to approximately 0.61%, so look for shares of CIVBP to trade 0.61% lower - all else being equal - when CIVBP shares open for trading on 2/16/17. On an annualized basis, the current yield is approximately 2.45%, which compares to an average yield of 5.59% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of CIVBP shares, versus CIVB:

Performance Comparison Chart

Below is a dividend history chart for CIVBP, showing historical dividends prior to the most recent $0.4062 on Civista Bancshares Inc's 6.50% Noncumulative Redeemable Convertible Perpetual Preferred Share, Series B:

CIVBP+Dividend+History+Chart

In Tuesday trading, Civista Bancshares Inc's 6.50% Noncumulative Redeemable Convertible Perpetual Preferred Share, Series B (Symbol: CIVBP) is currently trading flat on the day, while the common shares (Symbol: CIVB) are up about 2.5%.

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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