On 8/20/15, Bank of America Corp.’s 6% Capital Securities (Symbol: BAC.PRZ) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 8/25/15. As a percentage of BAC.PRZ’s recent share price of $25.68, this dividend works out to approximately 1.46%, so look for shares of BAC.PRZ to trade 1.46% lower – all else being equal – when BAC.PRZ shares open for trading on 8/20/15. On an annualized basis, the current yield is approximately 5.85%, which compares to an average yield of 5.64% in the “Financial” preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of BAC.PRZ shares, versus BAC:
Below is a dividend history chart for BAC.PRZ, showing historical dividends prior to the most recent $0.375 on Bank of America Corp.’s 6% Capital Securities : According to the ETF Finder at ETF Channel, Bank of America Corp. (Symbol: BAC) makes up 7.88% of the iShares U.S. Financial Services ETF ( IYG ) which is trading lower by about 0.2% on the day Tuesday. In Tuesday trading, Bank of America Corp.’s 6% Capital Securities (Symbol: BAC.PRZ) is currently trading flat on the day, while the common shares (Symbol: BAC) are down about 0.4%.