Cash Dividend On The Way From Royal Bank of Scotland Group's Non-cumulative Dollar Preference Shares, Series P

June 07, 2013   |   June 2013 Bond Updates
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. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

View more at: http://www.forbes.com/sites/dividendchannel/2013/06/07/cash-dividend-on-the-way-from-royal-bank-of-scotland-groups-non-cumulative-dollar-preference-shares-series-p/
 
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