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PartnerRe Series D Cumulative Redeemable Preferred Shares About To Put More Money In Your Pocket

On 11/18/14, PartnerRe Ltd.'s 6.50% Series D Cumulative Redeemable Preferred Shares (Symbol: PRE.PRD) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 12/1/14. As a percentage of PRE.PRD's recent share price of $25.81, this dividend works out to approximately 1.57%, so look for shares of PRE.PRD to trade 1.57% lower - all else being equal - when PRE.PRD shares open for trading on 11/18/14. On an annualized basis, the current yield is approximately 6.29%, which compares to an average yield of 5.69% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PRE.PRD shares, versus PRE:

Performance Comparison Chart

Below is a dividend history chart for PRE.PRD, showing historical dividends prior to the most recent $0.4062 on PartnerRe Ltd.'s 6.50% Series D Cumulative Redeemable Preferred Shares:

PRE.PRD+Dividend+History+Chart

According to the ETF Finder at ETF Channel, PartnerRe Ltd. (Symbol: PRE) makes up 2.28% of the First Trust NASDAQ Rising Dividend Achievers ETF ( RDVY ) which is trading higher by about 0.1% on the day Friday.

In Friday trading, PartnerRe Ltd.'s 6.50% Series D Cumulative Redeemable Preferred Shares (Symbol: PRE.PRD) is currently off about 0.1% on the day, while the common shares (Symbol: PRE) are down about 0.2%.

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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