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Banco Santander's Series C Preferred Stock Shares Cross 7% Yield Mark
Tuesday, October 18, 2:28 PM ET, by Market News Video Staff

In trading on Tuesday, shares of Banco Santander SA's Series C Non-Cumulative Perpetual Preferred Stock ...

Banco Santander Series C Non-Cumulative Perpetual Preferred Stock Ex-Dividend Reminder
Wednesday, October 26, 1:32 PM ET, by Market News Video Staff

On 10/28/16, Banco Santander SA's Series C Non-Cumulative Perpetual Preferred Stock (SOV.PRC) will trade ex-dividend, ...

Banco Santander 6.80% Non-Cumulative Series 4 Guaranteed Preferred Securities About To Put More Money In Your Pocket
Monday, October 31, 1:33 PM ET, by Market News Video Staff

On 11/2/16, Banco Santander SA's 6.80% Non-Cumulative Series 4 Guaranteed Preferred Securities (SAN.PRA) will trade ...

Cash Dividend On The Way From Banco Santander Non-Cumulative Guaranteed Series 1 Preferred Securities
Tuesday, November 8, 1:54 PM ET, by Market News Video Staff

On 11/10/16, Banco Santander SA's 6.41% Non-Cumulative Guaranteed Series 1 Preferred Securities (SAN.PRI) will trade ...

Banco Santander's Preferred Securities Crosses Above 6.5% Yield Territory
Wednesday, November 9, 2:41 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Banco Santander SA's 6.50% Non-Cumulative Series 5 Guaranteed Preferred ...

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Banco Santander's Series C Preferred Stock Shares Cross 7% Yield Mark

By Preferred Stock Channel Staff, Friday, August 11, 2:09 PM ET
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In trading on Friday, shares of Banco Santander SA's Series C Non-Cumulative Perpetual Preferred Stock (NYSE:SOV.PRC) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.825), with shares changing hands as low as $26.02 on the day. This compares to an average yield of 5.52% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, SOV.PRC was trading at a 4.60% premium to its liquidation preference amount, versus the average premium of 6.28% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of SOV.PRC shares, versus SAN:

Performance Comparison Chart

Below is a dividend history chart for SOV.PRC, showing historical dividend payments on Banco Santander SA's Series C Non-Cumulative Perpetual Preferred Stock:


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In Friday trading, Banco Santander SA's Series C Non-Cumulative Perpetual Preferred Stock (NYSE:SOV.PRC) is currently off about 0.4% on the day, while the common shares (NYSE:SAN) are off about 0.8%.


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