On 10/12/16, Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred Securities (Symbol: SAN.PRC) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 10/31/16. As a percentage of SAN.PRC's recent share price of $25.70, this dividend works out to approximately 1.58%, so look for shares of SAN.PRC to trade 1.58% lower - all else being equal - when SAN.PRC shares open for trading on 10/12/16. On an annualized basis, the current yield is approximately 6.33%, which compares to an average yield of 5.44% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SAN.PRC shares, versus SAN:
Below is a dividend history chart for SAN.PRC, showing historical dividends prior to the most recent $0.4062 on Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred Securities:
According to the ETF Finder at ETF Channel, Banco Santander SA (Symbol: SAN) makes up 2.03% of the BLDRS Europe Select ADR Index Fund ETF ( ADRU ) which is trading relatively unchanged on the day Monday.
In Monday trading, Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred Securities (Symbol: SAN.PRC) is currently up about 0.1% on the day, while the common shares (Symbol: SAN) are trading flat.
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