Citigroup's Preferred Stock, Series K Shares Cross 6% Yield Mark

In trading on Friday, shares of Citigroup Inc's 6.875% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series K (NYSE: C.PRK) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $28.64 on the day. This compares to an average yield of 5.48% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, C.PRK was trading at a 14.68% premium to its liquidation preference amount, v...