Bank of Montreal's Non-cumulative Perpetual Class B Preferred Shares Series 13 Goes Ex-Dividend Soon

On 7/30/14, Bank of Montreal's Non-cumulative Perpetual Class B Preferred Shares Series 13 (Toronto: BMO-PRJ) will trade ex-dividend, for its quarterly dividend of $0.2812, payable on 8/25/14. As a percentage of BMO.PRJ's recent share price of $25.83, this dividend works out to approximately 1.09%, so look for shares of BMO.PRJ to trade 1.09% lower — all else being equal — when BMO.PRJ shares open for trading on 7/30/14. On an annualized basis, the current yield is approximately 4.36%.