Markets

Ex-Div Reminder for HSBC Holdings Non-Cumulative Dollar Preference Shares, Series A

On 11/25/15, HSBC Holdings plc's 6.20% Non-Cumulative Dollar Preference Shares, Series A (Symbol: HSBC.PRA) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 12/15/15. As a percentage of HSBC.PRA's recent share price of $25.75, this dividend works out to approximately 1.51%, so look for shares of HSBC.PRA to trade 1.51% lower - all else being equal - when HSBC.PRA shares open for trading on 11/25/15. On an annualized basis, the current yield is approximately 6.04%, which compares to an average yield of 5.72% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of HSBC.PRA shares, versus HSBC:

Performance Comparison Chart

Below is a dividend history chart for HSBC.PRA, showing historical dividends prior to the most recent $0.3875 on HSBC Holdings plc's 6.20% Non-Cumulative Dollar Preference Shares, Series A:

HSBC.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, HSBC Holdings plc (Symbol: HSBC) makes up 4.84% of the BLDRS Europe Select ADR Index Fund ETF ( ADRU ) which is trading relatively unchanged on the day Monday.

In Monday trading, HSBC Holdings plc's 6.20% Non-Cumulative Dollar Preference Shares, Series A (Symbol: HSBC.PRA) is currently up about 0.3% on the day, while the common shares (Symbol: HSBC) are up about 0.4%.

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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