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

On 10/11/13, 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 10/31/13. As a percentage of SAN.PRC's recent share price of $24.45, this dividend works out to approximately 1.66%, so look for shares of SAN.PRC to trade 1.66% lower -- all else being equal -- when SAN.PRC shares open for trading on 10/11/13. On an annualized basis, the current yield is approximately 6.63%, whi...