On 12/11/13, Alcoa, Inc.'s $3.75 Preferred Stock (AMEX: AA.PR) will trade ex-dividend, for its quarterly dividend of $0.9375, payable on 1/1/14. As a percentage of AA.PR's recent share price of $74.00, this dividend works out to approximately 1.27%, so look for shares of AA.PR to trade 1.27% lower -- all else being equal -- when AA.PR shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 4.81%, which compares to an average yield of 25.73% in the "Metals ...
On 12/11/13, Alcoa, Inc.'s $3.75 Preferred Stock (AMEX: AA.PR) will trade ex-dividend, for its quarterly dividend of $0.9375, payable on 1/1/14. As a percentage of AA.PR's recent share price of $74.00, this dividend works out to approximately 1.27%, so look for shares of AA.PR to trade 1.27% lower -- all else being equal -- when AA.PR shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 4.81%, which compares to an average yield of 25.73% in the "Metals ...
Share this Article
Comment on this Article
Recommended
Please to comment