Banco Santander SA's Non-Cumulative Guaranteed Series 10 Preferred Securities About To Put More Money In Your Pocket

On 12/11/13, 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 12/30/13. As a percentage of SAN.PRE's recent share price of $26.92, this dividend works out to approximately 2.44%, so look for shares of SAN.PRE to trade 2.44% lower -- all else being equal -- when SAN.PRE shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 9.78%, wh...