F.N.B. Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E Goes Ex-Dividend Soon

On 7/29/14, F.N.B. Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: FNB.PRE) will trade ex-dividend, for its quarterly dividend of $0.4532, payable on 8/15/14. As a percentage of FNB.PRE's recent share price of $27.85, this dividend works out to approximately 1.63%, so look for shares of FNB.PRE to trade 1.63% lower — all else being equal — when FNB.PRE shares open for trading on 7/29/14. On an annualized basis, the current yield is approximately 6.51%...