First Republic Bank's Series C Preferred Stock Crosses Above 5.5% Yield Territory
September 27, 2016 at 15:10 PM EDT
In trading on Tuesday, shares of First Republic Bank's 5.625% Noncumulative Perpetual Series C Preferred Stock (FRC. RC) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $25.43 on the day.