Cash Dividend On The Way From U.S. Bancorp's Preferred Stock

On 12/27/13, U.S. Bancorp's Preferred Stock (NYSE: USB.PRA) will trade ex-dividend, for its quarterly dividend of $8.9444, payable on 1/15/14. As a percentage of USB.PRA's recent share price of $756.85, this dividend works out to approximately 1.18%, so look for shares of USB.PRA to trade 1.18% lower -- all else being equal -- when USB.PRA shares open for trading on 12/27/13. On an annualized basis, the current yield is approximately 4.83%, which compares to an average yield of 5.97% in the "Fin...