Selective Insurance Group Inc’s 4.60% Dep Shares Non-Cumul Prfd Stock Ser B (Symbol: SIGIP) will trade ex-dividend, for its quarterly dividend of $0.2875, payable on 3/15/24. As a percentage of SIGIP’s recent share price of $18.85, this dividend works out to approximately 1.53%, so look for shares of SIGIP to trade 1.53% lower — all else being equal — when SIGIP shares open for trading on 2/28/24. On an annualized basis, the current yield is approximately 6.08%, which compares to an average yield of 6.69% in the “Financial” preferred stock category, according to Preferred Stock Channel.
The chart below shows the one year performance of SIGIP shares, versus SIGI:
Below is a dividend history chart for SIGIP, showing historical dividends prior to the most recent $0.2875 on Selective Insurance Group Inc’s 4.60% Dep Shares Non-Cumul Prfd Stock Ser B:
In Monday trading, Selective Insurance Group Inc’s 4.60% Dep Shares Non-Cumul Prfd Stock Ser B (Symbol: SIGIP) is currently off about 0.4% on the day, while the common shares (Symbol: SIGI) are up about 0.4%.