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

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 9/13/16, 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 10/1/16. As a percentage of NTRSP's recent share price of $27.61, this dividend works out to approximately 1.32%, so look for shares of NTRSP to trade 1.32% lower - all else being equal - when NTRSP shares open for trading on 9/13/16. On an annualized basis, the current yield is approximately 5.27%, which compares to an average yield of 5.32% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of NTRSP shares, versus NTRS:

Performance Comparison Chart

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 :

NTRSP+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Northern Trust Corp. (Symbol: NTRS) makes up 2.73% of the SPDR S&P Capital Markets ETF ( KCE ) which is trading lower by about 1.2% on the day Friday.

In Friday trading, Northern Trust Corp.'s Series C Non-Cumulative Perpetual Preferred Stock (Symbol: NTRSP) is currently off about 0.5% on the day, while the common shares (Symbol: NTRS) are down about 0.5%.

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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KCE NTRSP NTRS