Bank of America's Preferred Securities Shares Cross 7% Yield Mark
June 25, 2015 at 14:24 PM EDT
In trading on Thursday, shares of Bank of America Corp.'s 7.12% Trust Originated Preferred Securities (MER. RE) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.78), with shares changing hands as low as $25.40 on the day.