U.S. Bancorp's Preferred Stock Goes Ex-Dividend Soon

On 6/26/15, U.S. Bancorp's Preferred Stock (NYSE: USB.PRA) will trade ex-dividend, for its quarterly dividend of $8.8472, payable on 7/15/15. As a percentage of USB.PRA's recent share price of $837.24, this dividend works out to approximately 1.06%, so look for shares of USB.PRA to trade 1.06% lower — all else being equal — when USB.PRA shares open for trading on 6/26/15. On an annualized basis, the current yield is approximately 4.23%, which compares to an average yield of 5.79% in the "Fin...