Charles Schwab's Preferred Stock, Series C Shares Cross 5.5% Yield Mark

In trading on Friday, shares of The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series C (SCHW. RC) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.50), with shares changing hands as low as $27.24 on the day.