Banco Santander's Preferred Securities Shares Cross 4.5% Yield Mark
June 24, 2016 at 14:09 PM EDT
In trading on Friday, shares of Banco Santander SA's Floating Rate Non-Cumulative Series 6 Guaranteed Preferred Securities (SAN. RB) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.00), with shares changing hands as low as $22.21 on the day.