Alcoa's Preferred Stock, Series 1 Shares Cross 7% Yield Mark
July 16, 2015 at 14:07 PM EDT
In trading on Thursday, shares of Alcoa, Inc.'s 5.375% Class B Mandatory Convertible Preferred Stock, Series 1 (AA. RB) were yielding above the 7% mark based on its quarterly dividend (annualized to $2.6875), with shares changing hands as low as $38.00 on the day.