Northern Trust's Series C Preferred Stock Shares Cross 5.5% Yield Mark

In trading on Friday, shares of Northern Trust Corp.'s Series C Non-Cumulative Perpetual Preferred Stock (NTRSP) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $26.31 on the day. This compares to an average yield of 5.78% in the "Financial" preferred stock category, according to Preferred Stock Channel..