On 6/11/14, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series R (Symbol: RBS.PRR) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 6/30/14. As a percentage of RBS.PRR's recent share price of $23.52, this dividend works out to approximately 1.63%, so look for shares of RBS.PRR to trade 1.63% lower - all else being equal - when RBS.PRR shares open for trading on 6/11/14. On an annualized basis, the current yield is approximately 6.51%, which compares to an average yield of 6.24% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of RBS.PRR shares, versus RBS:
Below is a dividend history chart for RBS.PRR, showing historical dividends prior to the most recent $0.3828 on Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series R:
In Monday trading, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series R (Symbol: RBS.PRR) is currently off about 0.1% on the day, while the common shares (Symbol: RBS) are trading flat.
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.
