Banco Santander Series C Non-Cumulative Perpetual Preferred Stock Ex-Dividend Reminder

On 7/30/14, Banco Santander SA's Series C Non-Cumulative Perpetual Preferred Stock (NYSE: SOV.PRC) will trade ex-dividend, for its quarterly dividend of $0.4562, payable on 8/15/14. As a percentage of SOV.PRC's recent share price of $25.80, this dividend works out to approximately 1.77%, so look for shares of SOV.PRC to trade 1.77% lower — all else being equal — when SOV.PRC shares open for trading on 7/30/14. On an annualized basis, the current yield is approximately 7.04%, which compares t...