Banc of California's Preferred Stock, Series C Yield Pushes Past 7.5%

In trading on Friday, shares of Banc of California Inc's 8.00% Non-Cumulative Perpetual Preferred Stock, Series C (BANC. RC) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $26.49 on the day.