On 8/20/15, Banco Santander SA’s Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities (Symbol: SAN.PRB) will trade ex-dividend, for its quarterly dividend of $0.26, payable on 9/8/15. As a percentage of SAN.PRB’s recent share price of $23.31, this dividend works out to approximately 1.12%, so look for shares of SAN.PRB to trade 1.12% lower – all else being equal – when SAN.PRB shares open for trading on 8/20/15. On an annualized basis, the current yield is approximately 4.43%, which compares to an average yield of 5.64% in the “Financial” preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of SAN.PRB shares, versus SAN:
Below is a dividend history chart for SAN.PRB, showing historical dividends prior to the most recent $0.26 on Banco Santander SA’s Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities: According to the ETF Finder at ETF Channel, Banco Santander SA (Symbol: SAN) makes up 2.74% of the BLDRS Europe Select ADR Index Fund ETF ( ADRU ) which is trading relatively unchanged on the day Tuesday. In Tuesday trading, Banco Santander SA’s Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities (Symbol: SAN.PRB) is currently off about 0.8% on the day, while the common shares (Symbol: SAN) are down about 0.6%.