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HSBC Holdings Non-Cumulative Preferred Stock, Series B Goes Ex-Dividend Soon

On 11/27/15, HSBC Holdings plc's 6.36% Non-Cumulative Preferred Stock, Series B (Symbol: HSFC.PRB) will trade ex-dividend, for its quarterly dividend of $0.3975, payable on 12/15/15. As a percentage of HSFC.PRB's recent share price of $25.53, this dividend works out to approximately 1.56%, so look for shares of HSFC.PRB to trade 1.56% lower - all else being equal - when HSFC.PRB shares open for trading on 11/27/15. On an annualized basis, the current yield is approximately 6.25%, 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 HSFC.PRB shares, versus HSBC:

Performance Comparison Chart

Below is a dividend history chart for HSFC.PRB, showing historical dividends prior to the most recent $0.3975 on HSBC Holdings plc's 6.36% Non-Cumulative Preferred Stock, Series B:

HSFC.PRB+Dividend+History+Chart

According to the ETF Finder at ETF Channel, HSBC Holdings plc (Symbol: HSBC) makes up 4.88% of the BLDRS Europe Select ADR Index Fund ETF ( ADRU ) which is trading higher by about 0.4% on the day Wednesday.

In Wednesday trading, HSBC Holdings plc's 6.36% Non-Cumulative Preferred Stock, Series B (Symbol: HSFC.PRB) is currently up about 0.2% on the day, while the common shares (Symbol: HSBC) are up about 0.2%.

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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