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Ladenburg Thalmann Financial Services's 8.00% Series A Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon

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Shutterstock photo

Shutterstock photo

On 1/11/17, Ladenburg Thalmann Financial Services's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: LTS.PRA) will trade ex-dividend, for its monthly dividend of $0.1667, payable on 1/30/17. As a percentage of LTS.PRA's recent share price of $24.58, this dividend works out to approximately 0.68%, so look for shares of LTS.PRA to trade 0.68% lower - all else being equal - when LTS.PRA shares open for trading on 1/11/17. On an annualized basis, the current yield is approximately 8.11%, which compares to an average yield of 6.94% in the "Investment Brokerages" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of LTS.PRA shares, versus LTS:

Performance Comparison Chart

Below is a dividend history chart for LTS.PRA, showing historical dividends prior to the most recent $0.1667 on Ladenburg Thalmann Financial Services's 8.00% Series A Cumulative Redeemable Preferred Stock:

LTS.PRA+Dividend+History+Chart

In Monday trading, Ladenburg Thalmann Financial Services's 8.00% Series A Cumulative Redeemable Preferred Stock (Symbol: LTS.PRA) is currently down about 0.3% on the day, while the common shares (Symbol: LTS) are up about 1.7%.

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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