Forbes -
18 Oct 2013 19:47

On 10/22/13, Royal Bank of Canada's Non-Cumulative First Preferred Shares Series AA (Toronto: RY-PRA) will trade ex-dividend, for its quarterly dividend of $0.2781, payable on 11/22/13. As a percentage of RY.PRA's recent share price of $25.35, this dividend works out to approximately 1.10%, so look for shares of RY.PRA to trade 1.10% lower -- all else being equal -- when RY.PRA shares open for trading on 10/22/13. On an annualized basis, the current yield is approximately 4.41%.
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