Zions Bancorporation's Series F Fixed-Rate Non-Cumulative Perpetual Preferred Stock Yield Pushes Past 7%

In trading on Friday, shares of Zions Bancorporation's Series F Fixed-Rate Non-Cumulative Perpetual Preferred Stock (NYSE: ZB.PRF) were yielding above the 7% mark based on its quarterly dividend (annualized to $2.0189), with shares changing hands as low as $28.72 on the day. This compares to an average yield of 5.03% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, ZB.PRF was trading at a 15.60% premium to its liquidation preference amount, ver...