First Republic Bank's Series E Preferred Stock Crosses Above 6.5% Yield Territory
June 15, 2017 at 14:35 PM EDT
In trading on Thursday, shares of First Republic Bank's 7.00% Noncumulative Perpetual Series E Preferred Stock (FRC. RE) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.75), with shares changing hands as low as $26.81 on the day.