Regions Financial's Preferred Stock, Series B Crosses Above 6% Yield Territory
August 12, 2015 at 14:28 PM EDT
In trading on Wednesday, shares of Regions Financial Corp's 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (RF. RB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5938), with shares changing hands as low as $26.55 on the day.