Royal Bank of Scotland Group Non-cumulative Dollar Preference Shares, Series P Shares Cross 7% Yield Mark

In trading on Monday, shares of Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series P (NYSE: RBS.PRP) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $22.07 on the day. This compares to an average yield of 5.25% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, RBS.PRP was trading at a 7.60% discount to its liquidation preference ...