FirstMerit's Preferred Stock, Series A Yield Pushes Past 6%
July 06, 2015 at 14:07 PM EDT
In trading on Monday, shares of FirstMerit Corp's 5.875% Non-Cumulative Perpetual Preferred Stock, Series A (FMER. RA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.469), with shares changing hands as low as $24.40 on the day.