Toronto Dominion Bank's Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AA About To Put More Money In Your Pocket

On 1/6/14, Toronto Dominion Bank's Non-Cumulative 5-Year Rate Reset Preferred Shares, Series AA (Toronto: TD-PRA) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 1/31/14. As a percentage of TD.PRA's recent share price of $25.27, this dividend works out to approximately 1.24%, so look for shares of TD.PRA to trade 1.24% lower ? all else being equal ? when TD.PRA shares open for trading on 1/6/14. On an annualized basis, the current yield is approximately 4.95%.