Cash Dividend On The Way From Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series 1

On 11/12/14, Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series 1 (NYSE: BML.PRG) will trade ex-dividend, for its quarterly dividend of $0.1875, payable on 11/28/14. As a percentage of BML.PRG's recent share price of $18.63, this dividend works out to approximately 1.01%, so look for shares of BML.PRG to trade 1.01% lower — all else being equal — when BML.PRG shares open for trading on 11/12/14. On an annualized basis, the current yield is approximately 4.01%, which...