Northern Trust Corp's Series C Non-Cumulative Perpetual Preferred Stock About To Put More Money In Your Pocket

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On 12/14/17, Northern Trust Corp's Series C Non-Cumulative Perpetual Preferred Stock (Symbol: NTRSP) will trade ex-dividend, for its quarterly dividend of $0.3656, payable on 1/1/18. As a percentage of NTRSP's recent share price of $26.70, this dividend works out to approximately 1.37%, so look for shares of NTRSP to trade 1.37% lower - all else being equal - when NTRSP shares open for trading on 12/14/17. On an annualized basis, the current yield is approximately 5.47%, which compares to an average yield of 5.38% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of NTRSP shares, versus NTRS:

Below is a dividend history chart for NTRSP, showing historical dividends prior to the most recent $0.3656 on Northern Trust Corp's Series C Non-Cumulative Perpetual Preferred Stock :

According to the ETF Finder at ETF Channel, Northern Trust Corp (Symbol: NTRS) makes up 2.24% of the Guggenheim Mid-Cap Core ETF ( CZA ) which is trading lower by about 0.1% on the day Tuesday.

In Tuesday trading, Northern Trust Corp's Series C Non-Cumulative Perpetual Preferred Stock (Symbol: NTRSP) is currently down about 0.1% on the day, while the common shares (Symbol: NTRS) are up about 0.8%.

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.