On 9/25/15, Bank of America Corp.'s 7.12% Trust Originated Preferred Securities (NYSE: MER.PRE) will trade ex-dividend, for its quarterly dividend of $0.445, payable on 9/30/15. As a percentage of MER.PRE's recent share price of $25.82, this dividend works out to approximately 1.72%, so look for shares of MER.PRE to trade 1.72% lower — all else being equal — when MER.PRE shares open for trading on 9/25/15. On an annualized basis, the current yield is approximately 6.90%, which compares to an average yield of 5.74% in the "Financial" preferred stock category, according to Preferred Stock Channel. Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »
Source Forbes - Markets http://ift.tt/1QyBpe0
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