BB&T Corp.'s Series E Non-Cumulative Perpetual Preferred Stock Yield Pushes Past 6%

In trading on Thursday, shares of BB&T Corp.'s Series E Non-Cumulative Perpetual Preferred Stock (NYSE: BBT.PRE) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $23.24 on the day. This compares to an average yield of 5.17% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, BBT.PRE was trading at a 5.24% discount to its liquidation preference amount, versus the average p...