Cash Dividend On The Way From Bank of America's Floating Rate Non-Cumulative Preferred Stock, Series 1

On 5/13/13, Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series 1 (NYSE: BML.PRG) will trade ex-dividend, for its quarterly dividend of $0.1875, payable on 5/28/13. As a percentage of BML.PRG's recent share price of $22.43, this dividend works out to approximately 0.84%, so look for shares of BML.PRG to trade 0.84% lower -- all else being equal -- when BML.PRG shares open for trading on 5/13/13. On an annualized basis, the current yield is approximately 3.33%, which comp...