Alcoa's Preferred Stock, Series 1 Shares Cross 7.5% Yield Mark

In trading on Wednesday, shares of Alcoa, Inc.'s 5.375% Class B Mandatory Convertible Preferred Stock, Series 1 (NYSE: AA.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.6875), with shares changing hands as low as $35.80 on the day. This compares to an average yield of 5.79% in the "Metals & Mining" preferred stock category, according to Preferred Stock Channel. As of last close, AA.PRB was trading at a 27.08% discount to its liquidation preference amount...