Banco Santander's Series 4 Preferred Securities Crosses Above 6.5% Yield Territory
July 31, 2014 at 14:10 PM EDT
In trading on Thursday, shares of Banco Santander SA's 6.80% Non-Cumulative Series 4 Guaranteed Preferred Securities (SAN. RA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.70), with shares changing hands as low as $25.69 on the day.