Charles Schwab's Preferred Stock, Series D Crosses Above 5.5% Yield Territory

In trading on Thursday, shares of The Charles Schwab Corporation's 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (SCHW. RD) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.488), with shares changing hands as low as $27.04 on the day.