Cash Dividend On The Way From HSBC Holdings Non-Cumulative Preferred Stock, Series B

On 8/28/13, 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 9/13/13. As a percentage of HSBC.PRB's recent share price of $23.98, this dividend works out to approximately 1.66%, so look for shares of HSBC.PRB to trade 1.66% lower ? all else being equal ? when HSBC.PRB shares open for trading on 8/28/13. On an annualized basis, the current yield is approximately 6.73%, which compares to an...