Banco Santander SA's Non-Cumulative Series 5 Guaranteed Preferred Securities Ex-Dividend Reminder

On 7/12/13, Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred Securities (NYSE: SAN.PRC) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 7/31/13. As a percentage of SAN.PRC's recent share price of $25.00, this dividend works out to approximately 1.62%, so look for shares of SAN.PRC to trade 1.62% lower -- all else being equal -- when SAN.PRC shares open for trading on 7/12/13. On an annualized basis, the current yield is approximately 6.51%, which ...