On 6/11/13, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series P (NYSE: RBS.PRP) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 6/28/13. As a percentage of RBS.PRP's recent share price of $22.83, this dividend works out to approximately 1.71%, so look for shares of RBS.PRP to trade 1.71% lower ? all else being equal ? when RBS.PRP shares open for trading on 6/11/13. On an annualized basis, the current yield is approximately 6.91%, which compares to an average yield of 5.30% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel.
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