Regions Financial Corp's Non-Cumulative Perpetual Preferred Stock, Series A Goes Ex-Dividend Soon

On 8/27/14, Regions Financial Corp's 6.375% Non-Cumulative Perpetual Preferred Stock, Series A (NYSE: RF.PRA) will trade ex-dividend, for its quarterly dividend of $0.3984, payable on 9/15/14. As a percentage of RF.PRA's recent share price of $25.20, this dividend works out to approximately 1.58%, so look for shares of RF.PRA to trade 1.58% lower — all else being equal — when RF.PRA shares open for trading on 8/27/14. On an annualized basis, the current yield is approximately 6.31%, which co...