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

In trading on Wednesday, shares of Citigroup Inc's 7.125% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series J (NYSE: C.PRJ) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.7812), with shares changing hands as low as $29.67 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, C.PRJ was trading at a 19.16% premium to its liquidation preference amount...