Goldman Sachs Group's Preferred Stock, Series B Crosses Above 6% Yield Territory

In trading on Thursday, shares of Goldman Sachs Group Incorporated's 6.20% Non-Cumulative Preferred Stock, Series B (NYSE: GS.PRB) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.55), with shares changing hands as low as $25.79 on the day. This compares to an average yield of 5.57% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, GS.PRB was trading at a 4.64% premium to its liquidation preference amount, versus...