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MB Financial Perpetual Non-Cumulative Preferred Stock, Series A About To Put More Money In Your Pocket

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On 1/27/17, MB Financial Inc's Perpetual Non-Cumulative Preferred Stock, Series A (Symbol: MBFIP) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 2/15/17. As a percentage of MBFIP's recent share price of $27.07, this dividend works out to approximately 1.85%, so look for shares of MBFIP to trade 1.85% lower - all else being equal - when MBFIP shares open for trading on 1/27/17. On an annualized basis, the current yield is approximately 7.38%, 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 MBFIP shares, versus MBFI:

Performance Comparison Chart

Below is a dividend history chart for MBFIP, showing historical dividends prior to the most recent $0.50 on MB Financial Inc's Perpetual Non-Cumulative Preferred Stock, Series A :

MBFIP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, MB Financial Inc (Symbol: MBFI) makes up 2.03% of the PowerShares KBW Regional Banking Portfolio ETF ( KBWR ) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, MB Financial Inc's Perpetual Non-Cumulative Preferred Stock, Series A (Symbol: MBFIP) is currently off about 0.1% on the day, while the common shares (Symbol: MBFI) 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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