Banco Santander's Preferred Securities Shares Cross 6.5% Yield Mark

In trading on Monday, shares of Banco Santander SA's 6.41% Non-Cumulative Guaranteed Series 1 Preferred Securities (SAN. RI) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.6025), with shares changing hands as low as $23.41 on the day.