Citigroup Non-Cumulative Preferred Stock, Series AA Crosses Above 7% Yield Territory

In trading on Thursday, shares of Citigroup Inc's 8.125% Non-Cumulative Preferred Stock, Series AA (NYSE: C.PRP) were yielding above the 7% mark based on its quarterly dividend (annualized to $2.0312), with shares changing hands as low as $28.81 on the day. This compares to an average yield of 5.36% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, C.PRP was trading at a 18.76% premium to its liquidation preference amount, versus the average pre...