On 8/28/13, UBS AG's UBS Preferred Funding Trust IV Floating Rate Non-Cumulative Trust Preferred Securities (NYSE: UBS.PRD) will trade ex-dividend, for its monthly dividend of $0.0190, payable on 9/16/13. As a percentage of UBS.PRD's recent share price of $14.75, this dividend works out to approximately 0.13%. On an annualized basis, the current yield is approximately 1.60%, which compares to an average yield of 5.60% in the "Financial" preferred stock category, according to Preferred Stock Channel.
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