Royal Bank of Scotland Non-cumulative Dollar Preference Shares, Series T Shares Cross 8% Yield Mark

In trading on Friday, shares of Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series T (NYSE: RBS.PRT) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $22.34 on the day. This compares to an average yield of 6.17% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, RBS.PRT was trading at a 6.32% discount to its liquidation preference ...