TCF Financial's Series B Preferred Stock Yield Pushes Past 6.5%

In trading on Thursday, shares of TCF Financial Corp's 6.45% Series B Non-Cumulative Perpetual Preferred Stock (TCB. RC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6125), with shares changing hands as low as $24.71 on the day.