Royal Bank of Scotland's Non-cumulative Dollar Preference Shares, Series N Crosses Above 7% Yield Territory

In trading on Monday, shares of Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series N (NYSE: RBS.PRN) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5875), with shares changing hands as low as $22.66 on the day. This compares to an average yield of 5.13% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, RBS.PRN was trading at a 9.08% discount to its liquidation preference ...