IBERIABANK Corp's Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B Yield Pushes Past 6%
October 27, 2016 at 15:56 PM EDT
In trading on Thursday, shares of IBERIABANK Corp's 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B (IBKCP) were yielding above the 6% mark based on its semi-annual dividend (annualized to $1.656), with shares changing hands as low as $26.99 on the day. This compares to an average yield of 5.42% in the "Financial" preferred stock category, according to Preferred Stock Channel..