First Citizens Banc's Preferred Shares, Series B, Crosses Above 5% Yield Territory
October 21, 2014 at 14:27 PM EDT
In trading on Tuesday, shares of First Citizens Banc Corp.'s 6.50% Noncumulative Redeemable Convertible Perpetual Preferred Share, Series B (FCZAP) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $32.08 on the day. This compares to an average yield of 5.57% in the "Financial" preferred stock category, according to Preferred Stock Channel..