Bank of America's Preferred Stock, Series 1 Shares Cross 4% Yield Mark
September 12, 2014 at 14:10 PM EDT
In trading on Friday, shares of Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series 1 (BML. RG) were yielding above the 4% mark based on its quarterly dividend (annualized to $0.75), with shares changing hands as low as $18.73 on the day.