Ex-Div Reminder for Bank of Montreal's Non-Cumulative Dollar Preference Shares, Series A

On 8/28/13, 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 9/16/13. As a percentage of HBC.PRA's recent share price of $24.90, this dividend works out to approximately 1.56%, so look for shares of HBC.PRA to trade 1.56% lower ? all else being equal ? when HBC.PRA shares open for trading on 8/28/13. On an annualized basis, the current yield is approximately 6.24%, which compares t...