Regions Financial's Preferred Stock, Series B Crosses Above 5.5% Yield Territory
August 14, 2017 at 14:57 PM EDT
In trading on Monday, shares of Regions Financial Corp's 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (RF. RB) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $28.90 on the day.