KeyCorp's Non-Cumulative Perpetual Convertible Preferred Stock, Series A Goes Ex-Dividend Soon

On 8/28/13, KeyCorp's 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A (NYSE: KEY.PRG) will trade ex-dividend, for its quarterly dividend of $1.9375, payable on 9/16/13. As a percentage of KEY.PRG's recent share price of $127.02, this dividend works out to approximately 1.53%, so look for shares of KEY.PRG to trade 1.53% lower ? all else being equal ? when KEY.PRG shares open for trading on 8/28/13. On an annualized basis, the current yield is approximately 6.01%, which comp...