HSBC Holdings Cumulative Preferred Stock Shares Cross 6% Yield Mark

In trading on Wednesday, shares of HSBC Holdings plc's $2.8575 Cumulative Preferred Stock (NYSE: HBA.PRZ) were yielding above the 6% mark based on its quarterly dividend (annualized to $2.8575), with shares changing hands as low as $46.25 on the day. This compares to an average yield of 6.32% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, HBA.PRZ was trading at a 0.94% discount to its liquidation preference amount, versus the average ...