IBERIABANK's Preferred Stock, Series B Yield Pushes Past 6%

In trading on Tuesday, shares of IBERIABANK Corp's 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B (IBKCP) were yielding above the 6% mark based on its semi-annual dividend (annualized to $1.6562), with shares changing hands as low as $27.29 on the day. This compares to an average yield of 5.57% in the "Financial" preferred stock category, according to Preferred Stock Channel..