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:
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 2.73% 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%.