Bank of America's Preferred Stock, Series D Shares Cross 6% Yield Mark

In trading on Wednesday, shares of Bank of America Corp.'s 6.204% Non-Cumulative Preferred Stock, Series D (NYSE: BAC.PRD) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.551), with shares changing hands as low as $25.82 on the day. This compares to an average yield of 5.41% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, BAC.PRD was trading at a 3.76% premium to its liquidation preference amount, versus the a...