Cash Dividend On The Way From Banco Santander Series C Non-Cumulative Perpetual Preferred Stock

On 10/29/14, 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 11/17/14. As a percentage of SOV.PRC's recent share price of $25.66, this dividend works out to approximately 1.78%, so look for shares of SOV.PRC to trade 1.78% lower — all else being equal — when SOV.PRC shares open for trading on 10/29/14. On an annualized basis, the current yield is approximately 7.11%, which compare...