Aspen Insurance Holdings Perpetual Non-Cumulative Preference Shares About To Put More Money In Your Pocket

On 9/11/14, Aspen Insurance Holdings Ltd’s 7.250% Perpetual Non-Cumulative Preference Shares (NYSE: AHL.PRB) will trade ex-dividend, for its quarterly dividend of $0.4531, payable on 10/1/14. As a percentage of AHL.PRB’s recent share price of $26.24, this dividend works out to approximately 1.73%, so look for shares of AHL.PRB to trade 1.73% lower — all else being equal — when AHL.PRB shares open for trading on 9/11/14. On an annualized basis, the current yield is approximately 6.85%, which compares to an average yield of 5.75% in the “Financial” preferred stock category, according to Preferred Stock Channel.
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Source: Markets