HSBC Holdings Non-Cumulative Preferred Stock, Series B Goes Ex-Dividend Soon

On 5/29/13, HSBC Holdings plc's 6.36% Non-Cumulative Preferred Stock, Series B (NYSE: HSBC.PRB) will trade ex-dividend, for its quarterly dividend of $0.3975, payable on 6/14/13. As a percentage of HSBC.PRB's recent share price of $25.55, this dividend works out to approximately 1.56%, so look for shares of HSBC.PRB to trade 1.56% lower -- all else being equal -- when HSBC.PRB shares open for trading on 5/29/13. On an annualized basis, the current yield is approximately 6.24%, which compares to ...