On 12/10/14, Alcoa, Inc.'s $3.75 Preferred Stock (AMEX: AA.PR) will trade ex-dividend, for its quarterly dividend of $0.9375, payable on 1/1/15. As a percentage of AA.PR's recent share price of $86.00, this dividend works out to approximately 1.09%, so look for shares of AA.PR to trade 1.09% lower — all else being equal — when AA.PR shares open for trading on 12/10/14. On an annualized basis, the current yield is approximately 3.94%.
On 12/10/14, Alcoa, Inc.'s $3.75 Preferred Stock (AMEX: AA.PR) will trade ex-dividend, for its quarterly dividend of $0.9375, payable on 1/1/15. As a percentage of AA.PR's recent share price of $86.00, this dividend works out to approximately 1.09%, so look for shares of AA.PR to trade 1.09% lower — all else being equal — when AA.PR shares open for trading on 12/10/14. On an annualized basis, the current yield is approximately 3.94%.
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