S.Y. Bancorp Cumulative Trust Preferred Securities About To Put More Money In Your Pocket

On 9/25/13, S.Y. Bancorp, Inc.'s 10.00% Cumulative Trust Preferred Securities (NASD: SYBTP) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 9/30/13. As a percentage of SYBTP's recent share price of $10.47, this dividend works out to approximately 2.39%, so look for shares of SYBTP to trade 2.39% lower -- all else being equal -- when SYBTP shares open for trading on 9/25/13. On an annualized basis, the current yield is approximately 9.62%, which compares to an average yiel...