On 7/29/13, Bank of America Corp.'s 7% Capital Securities (NYSE: CFC.PRB) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 8/1/13. As a percentage of CFC.PRB's recent share price of $25.37, this dividend works out to approximately 1.72%, so look for shares of CFC.PRB to trade 1.72% lower -- all else being equal -- when CFC.PRB shares open for trading on 7/29/13. On an annualized basis, the current yield is approximately 6.89%, which compares to an average yield of 5.17% ...
On 7/29/13, Bank of America Corp.'s 7% Capital Securities (NYSE: CFC.PRB) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 8/1/13. As a percentage of CFC.PRB's recent share price of $25.37, this dividend works out to approximately 1.72%, so look for shares of CFC.PRB to trade 1.72% lower -- all else being equal -- when CFC.PRB shares open for trading on 7/29/13. On an annualized basis, the current yield is approximately 6.89%, which compares to an average yield of 5.17% ...
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