Protective Life Corp.'s Trust Originated Preferred Securities Goes Ex-Dividend Soon

On 9/25/13, Protective Life Corp.'s 6 1/8% Trust Originated Preferred Securities (NYSE: PL.PRB) will trade ex-dividend, for its quarterly dividend of $0.3828, payable on 9/30/13. As a percentage of PL.PRB's recent share price of $24.04, this dividend works out to approximately 1.59%, so look for shares of PL.PRB to trade 1.59% lower -- all else being equal -- when PL.PRB shares open for trading on 9/25/13. On an annualized basis, the current yield is approximately 6.36%, which compares to an ave...