Regions Financial's Preferred Stock, Series C Crosses Above 6% Yield Territory

In trading on Thursday, shares of Regions Financial Corp's 5.700% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (RF. RC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.425), with shares changing hands as low as $23.51 on the day.