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