FirstMerit's Preferred Stock, Series A Shares Cross 6% Yield Mark
December 01, 2014 at 15:05 PM EST
In trading on Monday, shares of FirstMerit Corp's 5.875% Non-Cumulative Perpetual Preferred Stock, Series A (FMER. RA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.469), with shares changing hands as low as $24.41 on the day.