Associated Banc-Corp's Preferred Series F Shares Cross 7.5% Yield Mark
In trading on Tuesday, shares of Associated Banc-Corp's 5.625% Dep Shares Non-Cum Perp Preferred Shares, Series F (Symbol: ASB.PRF) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $18.61 on the day.
In trading on Tuesday, shares of Associated Banc-Corp's 5.625% Dep Shares Non-Cum Perp Preferred Shares, Series F (Symbol: ASB.PRF) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $18.61 on the day.
BELLINGS Intelligence Score: 8
Why it matters
The yield on Associated Banc-Corp's preferred shares crossing 7.5% is a routine market price movement without broader market or systemic implications.
Sources
Nasdaq
Associated Banc-Corp's Preferred Series F Shares Cross 7.5% Yield Mark
In trading on Tuesday, shares of Associated Banc-Corp's 5.625% Dep Shares Non-Cum Perp Preferred Shares, Series F (Symbol: ASB.PRF) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $18.61 on the day.