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Bank of America Corp.'s 6 7/8% Capital Securities Shares Cross 6% Yield Mark

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Shutterstock photo

Shutterstock photo

In trading on Friday, shares of Bank of America Corp.'s 6 7/8% Capital Securities (Symbol: BAC.PRC) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.55), with shares changing hands as low as $25.82 on the day. This compares to an average yield of 5.56% in the "Financial" preferred stock category, according to Preferred Stock Channel . As of last close, BAC.PRC was trading at a 3.52% premium to its liquidation preference amount, versus the average premium of 5.59% in the "Financial" category.

Performance Comparison Chart

Below is a dividend history chart for BAC.PRC, showing historical dividend payments on Bank of America Corp.'s 6 7/8% Capital Securities:

BAC.PRC+Dividend+History+Chart

In Friday trading, Bank of America Corp.'s 6 7/8% Capital Securities (Symbol: BAC.PRC) is currently up about 0.1% on the day, while the common shares (Symbol: BAC) are off about 2%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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