Bank of America's Preferred Stock Series PP Crosses Above 6.5% Yield Territory
In trading on Monday, shares of Bank of America Corp's 4.125% Depositary Shares Non-Cumul Preferred Stock Ser PP (Symbol: BAC.PRP) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.0312), with shares changing hands as low as $15.82 on the day.
In trading on Monday, shares of Bank of America Corp's 4.125% Depositary Shares Non-Cumul Preferred Stock Ser PP (Symbol: BAC.PRP) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.0312), with shares changing hands as low as $15.82 on the day.
BELLINGS Intelligence Score: 12
Why it matters
The yield on Bank of America's preferred stock rising above 6.5% is a notable market data point but reflects routine market price movement rather than a structural or systemic event affecting credit markets broadly.
Sources
Nasdaq
Bank of America's Preferred Stock Series PP Crosses Above 6.5% Yield Territory
In trading on Monday, shares of Bank of America Corp's 4.125% Depositary Shares Non-Cumul Preferred Stock Ser PP (Symbol: BAC.PRP) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.0312), with shares changing hands as low as $15.82 on the day.
Nasdaq
Telephone & Data Systems' Series UU Preferred Stock Shares Cross 8% Yield Mark
In trading on Tuesday, shares of Telephone & Data Systems Inc's 6.625% Dep Shares Ser UU Cumulative Prfd Stock (Symbol: TDS.PRU) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.6562), with shares changing hands as low as $20.62 on the day.
Nasdaq
BPY's Preferred Units, Series 1 Crosses Above 10% Yield Territory
In trading on Tuesday, shares of BPY's 6.50% Class A Cumulative Redeemable Perpetual Preferred Units, Series 1 (Symbol: BPYPP) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $16.22 on the day. This
Nasdaq
Pebblebrook Hotel Trust's Series G Preferred Shares Yield Pushes Past 8%
In trading on Wednesday, shares of Pebblebrook Hotel Trust's 6.375% Series G Cumulative Redeemable Preferred Shares (Symbol: PEB.PRG) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $19.91 on the day.
Nasdaq
Gabelli Utility Trust's Series C Preferred Shares Crosses Above 6.5% Yield Territory
In trading on Thursday, shares of Gabelli Utility Trust's 5.375% Series C Cumulative Preferred Shares (Symbol: GUT.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3436), with shares changing hands as low as $20.39 on the day. This com