Air Lease's Preferred Stock, Series A Crosses Above 6.5% Yield Territory
September 21, 2020 at 14:50 PM EDT
In trading on Monday, shares of Air Lease Corp's 6.150% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A (AL. RA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5376), with shares changing hands as low as $23.57 on the day.