Associated Banc-Corp's Preferred Stock, Series E Yield Pushes Past 7.5%

Why it matters

The yield on Associated Banc-Corp's preferred stock rising above 7.5% is a notable market data point but represents routine market price movement without broader systemic or structural impact.

Sources

• Nasdaq

  Associated Banc-Corp's Preferred Stock, Series E Yield Pushes Past 7.5%

  In trading on Tuesday, shares of Associated Banc-Corp's 4,000,000 Depositary Shares Each Representing a 1/40th Interest in a Share of 5.875% Non-Cumulative Perpetual Preferred Stock, Series E (Symbol: ASB.PRE) were yielding above the 7.5% mark based on its quarterly dividend (a