Citigroup Noncumulative Preferred Stock, Series C Goes Ex-Dividend Soon

On 10/9/13, Citigroup Inc's 5.80% Noncumulative Preferred Stock, Series C (NYSE: C.PRC) will trade ex-dividend, for its quarterly dividend of $0.3625, payable on 10/22/13. As a percentage of C.PRC's recent share price of $21.21, this dividend works out to approximately 1.71%, so look for shares of C.PRC to trade 1.71% lower -- all else being equal -- when C.PRC shares open for trading on 10/9/13. On an annualized basis, the current yield is approximately 6.83%, which compares to an average yield...