Bank of America's Preferred Stock, Series E Crosses Above 4.5% Yield Territory
April 27, 2016 at 14:58 PM EDT
In trading on Wednesday, shares of Bank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series E (BAC. RE) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.00), with shares changing hands as low as $22.12 on the day.