Hey First, I have to let you know that I'm a newbie. Now. I was just researching a few stocks to acquire and stumbled upon these news http://www.marketwatch.com/story/ba...eferred-stock-2011-06-17?reflink=MW_news_stmp It states that the dividend pay will be of $18.125 per share and payable to to shareholders of record as of July 1, 2011. Does that mean that I can buy 2 shares of BAC this monday (which are trading at about $11) for approx. $22, hold them until july and get $36.25 on dividends? Or is there something I'm not seeing? Thanks for the help, and sorry if this is a stupid or obvious question.