On 8/19/15, PartnerRe Ltd.’s 6.50% Series D Cumulative Redeemable Preferred Shares (Symbol: PRE.PRD) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 9/1/15. As a percentage of PRE.PRD’s recent share price of $26.86, this dividend works out to approximately 1.51%, so look for shares of PRE.PRD to trade 1.51% lower – all else being equal – when PRE.PRD shares open for trading on 8/19/15. On an annualized basis, the current yield is approximately 6.04%, which compares to an average yield of 5.63% in the “Financial” preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of PRE.PRD shares, versus PRE:
Below is a dividend history chart for PRE.PRD, showing historical dividends prior to the most recent $0.4062 on PartnerRe Ltd.’s 6.50% Series D Cumulative Redeemable Preferred Shares: According to the ETF Finder at ETF Channel, PartnerRe Ltd. (Symbol: PRE) makes up 2.04% of the SPDR S&P Insurance ETF ( KIE ) which is trading higher by about 0.3% on the day Monday. In Monday trading, PartnerRe Ltd.’s 6.50% Series D Cumulative Redeemable Preferred Shares (Symbol: PRE.PRD) is currently off about 0.1% on the day, while the common shares (Symbol: PRE) are up about 0.1%.