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Ex-Div Reminder for Banc of California Non-Cumulative Perpetual Preferred Stock, Series C

On 11/27/15, Banc of California Inc's 8.00% Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: BANC.PRC) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 12/15/15. As a percentage of BANC.PRC's recent share price of $27.13, this dividend works out to approximately 1.84%, so look for shares of BANC.PRC to trade 1.84% lower - all else being equal - when BANC.PRC shares open for trading on 11/27/15. On an annualized basis, the current yield is approximately 7.37%, which compares to an average yield of 5.68% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of BANC.PRC shares, versus BANC:

Performance Comparison Chart

Below is a dividend history chart for BANC.PRC, showing historical dividends prior to the most recent $0.50 on Banc of California Inc's 8.00% Non-Cumulative Perpetual Preferred Stock, Series C:

BANC.PRC+Dividend+History+Chart

In Wednesday trading, Banc of California Inc's 8.00% Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: BANC.PRC) is currently trading flat on the day, while the common shares (Symbol: BANC) are up about 1.5%.

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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