On 8/28/14, Associated Banc-Corp.'s 8.00% Perpetual Preferred Stock, Series B (NYSE: ABW.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 9/15/14. As a percentage of ABW.PRB's recent share price of $28.14, this dividend works out to approximately 1.78%, so look for shares of ABW.PRB to trade 1.78% lower — all else being equal — when ABW.PRB shares open for trading on 8/28/14. On an annualized basis, the current yield is approximately 7.11%, which compares to an average yield of 5.69% in the "Financial" preferred stock category, according to Preferred Stock Channel.
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