Forbes -
23 Nov 2013 01:27

On 11/26/13, 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 12/16/13. As a percentage of BAC.PRD's recent share price of $24.50, 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 11/26/13. On an annualized basis, the current yield is approximately 6.34%, which compares...
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