Royal Bank of Scotland's Preference Shares, Series T Crosses Above 7% Yield Territory

In trading on Wednesday, shares of Royal Bank of Scotland Group plc's Non-cumulative Dollar Preference Shares, Series T (NYSE: RBS.PRT) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.8125), with shares changing hands as low as $25.88 on the day. This compares to an average yield of 6.46% in the "Banking & Savings" preferred stock category, according to Preferred Stock Channel. As of last close, RBS.PRT was trading at a 3.76% premium to its liquidation preferenc...