Credit: Shutterstock photoOn 3/12/14, HSBC Holdings plc's Floating Rate Non-Cumulative Preferred Stock, Series F (Symbol: HUSI.PRF) will trade ex-dividend, for its quarterly dividend of $0.2163, payable on 4/1/14. As a percentage of HUSI.PRF's recent share price of $20.30, this dividend works out to approximately 1.07%, so look for shares of HUSI.PRF to trade 1.07% lower - all else being equal - when HUSI.PRF shares open for trading on 3/12/14. On an annualized basis, the current yield is approximately 4.27%, which compares to an average yield of 6.26% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of HUSI.PRF shares, versus HSBC:
Below is a dividend history chart for HUSI.PRF, showing historical dividends prior to the most recent $0.2163 on HSBC Holdings plc's Floating Rate Non-Cumulative Preferred Stock, Series F:
According to the ETF Finder at ETF Channel, HSBC Holdings plc (Symbol: HSBC) makes up 8.99% of the Bank and Brokerage ETF ( RKH ) which is trading relatively unchanged on the day Monday.
In Monday trading, HSBC Holdings plc's Floating Rate Non-Cumulative Preferred Stock, Series F (Symbol: HUSI.PRF) is currently up about 0.2% on the day, while the common shares (Symbol: HSBC) 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.
