Huntington Bancshares' Series A Preferred Stock Yield Pushes Past 6%

In trading on Tuesday, shares of Huntington Bancshares Inc's 8.50% Series A Non-Cumulative Perpetual Convertible Preferred Stock (NASD: HBANP) were yielding above the 6% mark based on its quarterly dividend (annualized to $85.00), with shares changing hands as low as $1370.00 on the day. This compares to an average yield of 5.50% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, HBANP was trading at a 42.00% premium to its liquidation preference...