Texas Capital Bancshares Non-Cumulative Perpetual Preferred Stock, Series A Yield Pushes Past 6.5%

In trading on Wednesday, shares of Texas Capital Bancshares Inc's 6.50% Non-Cumulative Perpetual Preferred Stock, Series A (NASD: TCBIP) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.625), with shares changing hands as low as $24.93 on the day. This compares to an average yield of 5.76% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, TCBIP was trading at a 0.68% premium to its liquidation preferenc...