Royal Bank of Scotland Group Non-cumulative Dollar Preference Shares, Series M Goes Ex-Dividend Soon

On 9/11/13, Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series M (NYSE: RBS.PRM) will trade ex-dividend, for its quarterly dividend of $0.40, payable on 9/30/13. As a percentage of RBS.PRM's recent share price of $20.26, this dividend works out to approximately 1.97%, so look for shares of RBS.PRM to trade 1.97% lower ? all else being equal ? when RBS.PRM shares open for trading on 9/11/13. On an annualized basis, the current yield is approximately 7.87%, which co...