On 9/10/14, Alcoa, Inc.'s $3.75 Preferred Stock (AMEX: AA.PR) will trade ex-dividend, for its quarterly dividend of $0.9375, payable on 10/1/14. As a percentage of AA.PR's recent share price of $86.46, this dividend works out to approximately 1.08%, so look for shares of AA.PR to trade 1.08% lower — all else being equal — when AA.PR shares open for trading on 9/10/14. On an annualized basis, the current yield is approximately 4.27%.
On 9/10/14, Alcoa, Inc.'s $3.75 Preferred Stock (AMEX: AA.PR) will trade ex-dividend, for its quarterly dividend of $0.9375, payable on 10/1/14. As a percentage of AA.PR's recent share price of $86.46, this dividend works out to approximately 1.08%, so look for shares of AA.PR to trade 1.08% lower — all else being equal — when AA.PR shares open for trading on 9/10/14. On an annualized basis, the current yield is approximately 4.27%.
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