Cash Dividend On The Way From RONA Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares

On 12/11/14, RONA, Inc.'s Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares (Toronto: RON-PRA) will trade ex-dividend, for its quarterly dividend of $0.3282, payable on 12/31/14. As a percentage of RON.PRA's recent share price of $20.80, this dividend works out to approximately 1.58%, so look for shares of RON.PRA to trade 1.58% lower — all else being equal — when RON.PRA shares open for trading on 12/11/14. On an annualized basis, the current yield is approximately 6.21%.