Bank of America's Preferred Stock, Series 4 Shares Cross 7.5% Yield Mark

In trading on Thursday, shares of Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series 4 (BML. RJ) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.5878), with shares changing hands as low as $21.07 on the day.