Ex-Div Reminder for Banco Santander SA's Non-Cumulative Guaranteed Series 10 Preferred Securities

On 9/11/13, Banco Santander SA's 10.5% Non-Cumulative Guaranteed Series 10 Preferred Securities (NYSE: SAN.PRE) will trade ex-dividend, for its quarterly dividend of $0.6562, payable on 9/30/13. As a percentage of SAN.PRE's recent share price of $26.63, this dividend works out to approximately 2.46%, so look for shares of SAN.PRE to trade 2.46% lower -- all else being equal -- when SAN.PRE shares open for trading on 9/11/13. On an annualized basis, the current yield is approximately 9.79%, which...