U.S. Bancorp's Preferred Stock About To Put More Money In Your Pocket

On 12/29/14, U.S. Bancorp's Preferred Stock (NYSE: USB.PRA) will trade ex-dividend, for its quarterly dividend of $8.9444, payable on 1/15/15. As a percentage of USB.PRA's recent share price of $815.00, this dividend works out to approximately 1.10%, so look for shares of USB.PRA to trade 1.10% lower — all else being equal — when USB.PRA shares open for trading on 12/29/14. On an annualized basis, the current yield is approximately 4.39%, which compares to an average yield of 5.78% in the "F...