Northern Trust's Series C Preferred Stock Crosses Above 5.5% Yield Territory

In trading on Wednesday, shares of Northern Trust Corp's Series C Non-Cumulative Perpetual Preferred Stock (NTRSP) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4625), with shares changing hands as low as $26.54 on the day. This compares to an average yield of 5.38% in the "Financial" preferred stock category, according to Preferred Stock Channel..