On 1/29/13, Bank of America Corp.'s 7% Capital Securities (NYSE:CFC.PRB) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 2/1/13. As a percentage of CFC.PRB's recent share price of $25.47, this dividend works out to approximately 1.72%, so look for shares of CFC.PRB to trade 1.72% lower — all else being equal — when CFC.PRB shares open for trading on 1/29/13. On an annualized basis, the current yield is approximately 6.87%, which compares to an average yield of 5.41% in the "Financial" preferred stock category, according to Preferred Stock Channel.
As of last close, CFC.PRB was trading at a 1.96% premium to its liquidation preference amount, versus the average premium of 3.21% in the "Financial" category.
The chart below shows the one year performance of CFC.PRB shares, versus BAC:
Below is a dividend history chart for CFC.PRB, showing historical dividends prior to the most recent $0.4375 on Bank of America Corp.'s 7% Capital Securities:
This Article's Word Cloud:AmericaBankBelowCapitalChannelCorpDaysFinancialFridayJonesNYSESecuritiesSevenStartaboutapproximatelyaveragebkgImagecategorychartcurrentlydividenddividendsequalescapefillColorgridBackgroundColorgridColorheightleftLabelsEverymostopenotherpremiumpriorrecentsharesshowHighsLowsshowVolumeTableshowingsmoothChartstocktradetradingversuswhatwhenwhichwhileyield
Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel
from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you
agree to the following Full Disclaimer & Terms of Service. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20
minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.