On 11/28/12, Monarch Financial Holdings Inc's 7.80% Series B Noncumulative Convertible Perpetual Preferred Stock (NASD: MNRKP) will trade ex-dividend, for its quarterly dividend of $0.4875, payable on 12/31/12. As a percentage of MNRKP's recent share price of $30.40, this dividend works out to approximately 1.60%, so look for shares of MNRKP to trade 1.60% lower — all else being equal — when MNRKP shares open for trading on 11/28/12. On an annualized basis, the current yield is app...
Monarch Financial Holdings Series B Preferred Stock Goes Ex-Dividend Soon
Forbes - 26 Nov 2012 21:00
On 11/28/12, Monarch Financial Holdings Inc's 7.80% Series B Noncumulative Convertible Perpetual Preferred Stock (NASD: MNRKP) will trade ex-dividend, for its quarterly dividend of $0.4875, payable on 12/31/12. As a percentage of MNRKP's recent share price of $30.40, this dividend works out to approximately 1.60%, so look for shares of MNRKP to trade 1.60% lower — all else being equal — when MNRKP shares open for trading on 11/28/12. On an annualized basis, the current yield is app...
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