Ex-Div Reminder for Bank of America Corp.'s Trust Preferred Securities

On 3/11/15, Bank of America Corp.'s Trust Preferred Securities (NYSE: MER.PRK) will trade ex-dividend, for its quarterly dividend of $0.4031, payable on 3/16/15. As a percentage of MER.PRK's recent share price of $25.71, this dividend works out to approximately 1.57%, so look for shares of MER.PRK to trade 1.57% lower — all else being equal — when MER.PRK shares open for trading on 3/11/15. On an annualized basis, the current yield is approximately 6.27%, which compares to an average yield o...