Bank of America's Preferred Stock, Series 3 Crosses Above 6.5% Yield Territory

In trading on Friday, shares of Bank of America Corp.'s 6.375% Non-Cumulative Preferred Stock, Series 3 (BML. RI) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $24.51 on the day.