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Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I Goes Ex-Dividend Soon

On 9/28/15, Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I (Symbol: MS.PRI) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 10/15/15. As a percentage of MS.PRI's recent share price of $25.75, this dividend works out to approximately 1.55%, so look for shares of MS.PRI to trade 1.55% lower - all else being equal - when MS.PRI shares open for trading on 9/28/15. On an annualized basis, the current yield is approximately 6.19%, which compares to an average yield of 5.73% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of MS.PRI shares, versus MS:

Performance Comparison Chart

Below is a dividend history chart for MS.PRI, showing historical dividends prior to the most recent $0.3984 on Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I:

MS.PRI+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Morgan Stanley (Symbol: MS) makes up 9.19% of the iShares U.S. Broker-Dealers ETF ( IAI ) which is trading relatively unchanged on the day Thursday.

In Thursday trading, Morgan Stanley's Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series I (Symbol: MS.PRI) is currently trading flat on the day, while the common shares (Symbol: MS) are trading flat.

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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