Royal Bank of Scotland Group Exchangeable Capital Securities, Series B Shares Cross 7% Yield Mark

In trading on Wednesday, shares of Royal Bank of Scotland Group plc's 5.75% Exchangeable Capital Securities, Series B (NYSE: RBS.PRL) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.4375), with shares changing hands as low as $20.24 on the day. This compares to an average yield of 5.56% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, RBS.PRL was trading at a 12.60% discount to its liquidation preferenc...