First Republic Bank's Noncumulative Perpetual Series E Preferred Stock About To Put More Money In Your Pocket

On 12/17/14, First Republic Bank's 7.00% Noncumulative Perpetual Series E Preferred Stock (NYSE: FRC.PRE) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 12/30/14. As a percentage of FRC.PRE's recent share price of $27.49, this dividend works out to approximately 1.59%, so look for shares of FRC.PRE to trade 1.59% lower — all else being equal — when FRC.PRE shares open for trading on 12/17/14. On an annualized basis, the current yield is approximately 6.39%, which c...