Corteva Cumulative Preferred Stock Ex-Dividend Reminder

On 1/11/24, Corteva Inc's $4.50 Series Cumulative Preferred Stock (Symbol: CTA.PRB) will trade ex-dividend, for its quarterly dividend of $1.125, payable on 1/25/24. As a percentage of CTA.PRB's recent share price of $71.51, this dividend works out to approximately 1.57%, so look for shares of CTA.PRB to trade 1.57% lower — all else being equal — when CTA.PRB shares open for trading on 1/11/24. On an annualized basis, the current yield is approximately 6.41%, which compares to an average yield of 6.32% in the "Materials" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of CTA.PRB shares, versus CTVA:

Below is a dividend history chart for CTA.PRB, showing historical dividends prior to the most recent $1.125 on Corteva Inc's $4.50 Series Cumulative Preferred Stock:

In Tuesday trading, Corteva Inc's $4.50 Series Cumulative Preferred Stock (Symbol: CTA.PRB) is currently up about 1.9% on the day, while the common shares (Symbol: CTVA) are off about 1.4%.

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