Sorry if this isn't the right forum to post this question.I own some shares of bac-h (bank of america preferred shares series h) and have been unable to find out the ex-dividend date.http://quantumonline.com/search.cfm?tickersymbol=BAC-H&sopt=...gives a link to a marketwatch page but the ex-div info is not shown.Can anyone recommend a website with the necessary information?Thanks.
Bank of America, 8.20% Dep Shares Series H Non-Cumulative Preferred StockTicker Symbol: BAC-H CUSIP: 060505765 Exchange: NYSESecurity Type: Traditional Preferred Stock SECURITY DESCRIPTION: Bank of America, 8.20% Depositary Shares each representing a 1/1000th interest in a share of 8.20% Non-Cumulative Preferred Stock, Series H, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 5/1/2013 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 8.20% ($2.05) per annum are paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on the record date fixed by the board, not more than 30 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate. Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-30 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the link to IPO Prospectus?provided below. NYSEChart 8.20% $2.05 $25.00 $25.00 5/01/2013 5/22/08 2/1, 5/1, 8/1 & 11/1 This is directly from Quantum's sight, but your right about the ex-div dates not being given from the link they give, however it does state the payout date if it helps any assuming you already hold shares. One suggestion would be to email investor services at BofA.Charm~
http://news.moneycentral.msn.com/ticker/article.aspx?Feed=PR...The initial quarterly cash dividend of $0.3929 per depositary share on the 8.20 percent Non-Cumulative Preferred Stock, Series H, is payable on August 1, 2008 to shareholders of record as of July 15, 2008.Charm~
thanks for the update. I dont understand why the share price fell to 24. Its not as if they announced suspension of preferreds' dividends...
I dont understand why the share price fell to 24. Its not as if they announced suspension of preferreds' dividends... ________________________________________It's partly just that banks and other financial stocks go up and down as a group, very frequently. Now one in particular will get more action with company-specific information being released.So BAC gets beat up whenever there's bad info. for the financial sector. AND the market is nervous about the Countrywide acquisiton. AND you may be giving the market undue credit for being totally logical.Bill
Wow drop to only $24? That's pretty good. You should look at other preferreds. Very few are better than $24.brucedoe
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat