AT&T's Preferred Stock, Series C Crosses Above 5.5% Yield Territory

In trading on Friday, shares of AT&T Inc's 4.75% Depositary Shares Perpetual Preferred Stock, Series C (T. RC) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $21.55 on the day.