Bank of America's Preferred Stock, Series 2 Shares Cross 4% Yield Mark

In trading on Thursday, shares of Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series 2 (BML. RH) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.7667), with shares changing hands as low as $19.14 on the day.