Cash Dividend On The Way From Bank of Montreal's Non-Cumulative Dollar Preference Shares, Series A

On 2/27/13, Bank of Montreal's 6.20% Non-Cumulative Dollar Preference Shares, Series A (NYSE: HBC.PRA) will trade ex-dividend, for its quarterly dividend of $0.3875, payable on 3/15/13. As a percentage of HBC.PRA's recent share price of $25.43, this dividend works out to approximately 1.52%, so look for shares of HBC.PRA to trade 1.52% lower -- all else being equal -- when HBC.PRA shares open for trading on 2/27/13. On an annualized basis, the current yield is approximately 6.12%, which compares...