Forbes -
26 Aug 2013 19:52

On 8/28/13, Bank of America Corp.'s 6.204% Non-Cumulative Preferred Stock, Series D (NYSE: BAC.PRD) will trade ex-dividend, for its quarterly dividend of $0.3877, payable on 9/16/13. As a percentage of BAC.PRD's recent share price of $24.53, this dividend works out to approximately 1.58%, so look for shares of BAC.PRD to trade 1.58% lower ? all else being equal ? when BAC.PRD shares open for trading on 8/28/13. On an annualized basis, the current yield is approximately 6.31%, which compares to a...
Share this Article
Comment on this Article
Please to comment