Power Financial Corp's Non-Cumulative First Preferred Shares, Series E Goes Ex-Dividend Soon

On 10/8/14, Power Financial Corp's Non-Cumulative First Preferred Shares, Series E (Toronto: PWF-PRF) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 10/31/14. As a percentage of PWF.PRF's recent share price of $25.33, this dividend works out to approximately 1.30%, so look for shares of PWF.PRF to trade 1.30% lower — all else being equal — when PWF.PRF shares open for trading on 10/8/14. On an annualized basis, the current yield is approximately 5.18%.