KeyCorp's Non-Cumulative Perpetual Convertible Preferred Stock, Series A Shares Cross 6% Yield Mark

In trading on Monday, shares of KeyCorp's 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A (NYSE: KEY.PRG) were yielding above the 6% mark based on its quarterly dividend (annualized to $7.75), with shares changing hands as low as $128.00 on the day. This compares to an average yield of 5.37% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, KEY.PRG was trading at a 29.49% premium to its liquidation preference amount, versus...