On 1/27/17, FNB Corp's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (Symbol: FNB.PRE) will trade ex-dividend, for its quarterly dividend of $0.4532, payable on 2/15/17. As a percentage of FNB.PRE's recent share price of $29.50, this dividend works out to approximately 1.54%, so look for shares of FNB.PRE to trade 1.54% lower - all else being equal - when FNB.PRE shares open for trading on 1/27/17. On an annualized basis, the current yield is approximately 6.18%, which compares to an average yield of 5.64% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of FNB.PRE shares, versus FNB:
Below is a dividend history chart for FNB.PRE, showing historical dividends prior to the most recent $0.4532 on FNB Corp's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E :
According to the ETF Finder at ETF Channel, FNB Corp (Symbol: FNB) makes up 1.90% of the PowerShares KBW Regional Banking Portfolio ETF ( KBWR ) which is trading higher by about 1.4% on the day Wednesday.
In Wednesday trading, FNB Corp's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (Symbol: FNB.PRE) is currently up about 0.6% on the day, while the common shares (Symbol: FNB) are up about 0.9%.
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.
