Citigroup's Preferred Stock, Series K Shares Cross 6.5% Yield Mark

In trading on Friday, shares of Citigroup Inc's 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K (C. RK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $26.07 on the day.